(News Bulletin 247) – Edenred announces the signature of a partnership with Stairwage, the leading solution in France for on-demand salary payment.
Stairwage has developed an application allowing the employee to obtain part of his salary already earned in the month when he needs it, thus preventing him from having his account overdrawn.
This service is more and more popular with employees and 73% of them would be more confident to ask for a down payment on an application rather than their manager according to an OpinionWay study for Stairwage. The service is 100% free for employees.
As a company, Stairwage provides a rigorous framework and process for the management of deposits without any impact on the company’s cash flow.
Yann LeFloc’h managing director and co-founder of Stairwage declares: ‘This partnership illustrates the awareness of large companies as to the usefulness of restoring financial flexibility to employees and improving their financial well-being. This is a new social advance.’
Ilan Ouanounou, CEO of EdenredFrance: ‘We are happy to offer a solution that will facilitate and improve the well-being of employees. We are also proud to support the development of this innovative French startup.’
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