[Kenya] Little launches MySalary earned wage access platform

Kenya-based tech firm Little has officially launched MySalary, an on-demand salary access platform intended to transform how employees across Africa are paid their earned wages, Techish reports.

MySalary enables employees to withdraw a portion of their earned income at any time; eliminating rigid monthly pay cycles, providing greater financial flexibility and reducing dependence on high-interest loans.

MySalary is a nano-lending platform that will reportedly allow employees to access salary advances based on the number of days they have worked within the month. Unlike traditional salary loans, MySalary does not impose excessive interest rates, giving it the potential to be a more sustainable financial solution for workers.

Kamal Budhabhatti - CEO of Little - emphasised the significance of the new platform in improving financial well-being at MySalary’s launch event.

“MySalary is designed to provide employees with a simple and secure way to access the money they have already earned. With our robust security framework, users can trust that their transactions are safe, and funds will be transferred instantly to their mobile money or bank accounts,” he said.

Little says it is reinforcing its position as a fintech innovation leader in Africa with the introduction of MySalary. By prioritising financial empowerment, Little reportedly hopes to change how employees and businesses think about payroll management.

Source: Techish

(Quote via original reporting)

Kenya-based tech firm Little has officially launched MySalary, an on-demand salary access platform intended to transform how employees across Africa are paid their earned wages, Techish reports.

MySalary enables employees to withdraw a portion of their earned income at any time; eliminating rigid monthly pay cycles, providing greater financial flexibility and reducing dependence on high-interest loans.

MySalary is a nano-lending platform that will reportedly allow employees to access salary advances based on the number of days they have worked within the month. Unlike traditional salary loans, MySalary does not impose excessive interest rates, giving it the potential to be a more sustainable financial solution for workers.

Kamal Budhabhatti - CEO of Little - emphasised the significance of the new platform in improving financial well-being at MySalary’s launch event.

“MySalary is designed to provide employees with a simple and secure way to access the money they have already earned. With our robust security framework, users can trust that their transactions are safe, and funds will be transferred instantly to their mobile money or bank accounts,” he said.

Little says it is reinforcing its position as a fintech innovation leader in Africa with the introduction of MySalary. By prioritising financial empowerment, Little reportedly hopes to change how employees and businesses think about payroll management.

Source: Techish

(Quote via original reporting)