Key Development
The company has entered into a partnership with Kandarp Digi Smart BPO Limited, Uttar Pradesh, to offer an Early-Wage-Access program to the company's employees.
Partnership 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 involves offering short-term loans as salary advance, with the amount lent being collected through salary deduction.
Strategic Rationale
The partnership is in line with the company's vision to expand its offerings and serve retail customers at large through a salary advance solution that involves tying up with employers.
Financial Impact
Financial impact not quantified in the disclosure.