Partnership Announcement
Emerald Finance Limited has entered into a partnership with Ebixcash Mobility Software India Ltd., Delhi, to offer an Early-Wage-Access program to the company's employees.
Program Details
The partnership aims to provide instant financial relief to employees by allowing them to access part of their salaries seamlessly throughout the month. The program represents the company's vision to expand its offerings and serve retail customers at large through a salary advance solution.
Product Mechanics
The product involves tying up with employers to offer short-term loans as salary advance. The amount lent to employees is collected through salary deduction mechanism.