Goodapps Launches 'Payday Today' App, Backed by DOST, to Help Employees Access Earned Wages Anytime

Payday Today, an earned wage access (EWA) platform from fintech firm Goodapps, enables workers to receive their salary in advance, lowering the need for loans and enhancing money management.

Employees can view their daily wage that has been accrued through the app. Employers may also establish a maximum amount of money that workers are permitted to seek and remove.

Additionally, it gives coop members flexible loans through a feature called Credit Line. Another feature is Payfund, which is a tool for commission and salary payout disbursement.

The aim is to resolve salary delays, which typically result in workers requesting for needless loans, according to project leader Caesar T. Michelena.

For employers and funders to add members, transfer credits, modify credits, and release vouchers, the app is accessible on both Android and iOS smartphones and also an online interface.

The DOST Philippine Council for Industry, Energy, and Emerging Technology Research and Development (DOST-PCIEERD) awarded PayDay Today a Php3 million startup grant.