Contact us: digitalwages@ilo.org
Contact us: digitalwages@ilo.org
On April 28, 2022, 25 representatives from government entities, workers’ and employers’ organizations, and digital payment and financial service providers discussed the findings of a rapid assessment on digital wages for decent work in the sectors of agribusiness and gastronomy…
Using data from a Mexican FinTech firm, the authors study the usage by workers of earned wages access. They find usage to be significant and concentrated towards the end of the pay cycle. They document that such usage is associated…
This report seeks to identify the barriers to expanding access to and usage of formal financial services in Jamaica, with a view to remedying them.
In the absence of regulatory guardrails, some earned wage access programs can perpetuate, and in some instances exacerbate, the very risks providers claim to eliminate when displacing short-term creditors like payday lenders. This article proposes a federal-level regulatory framework based…
This article analyses the earned wage access market, assesses the likelihood that it will displace payday lending, and reveals some of the dangers lurking beneath the low-cost surface of these transactions. It argues that earned wage access products have the…
This article synthesizes research about the long-term costs of debt inequality on communities of colour in the United States of America, adding an in-depth analysis of several new advances in banking and lending, and proposing several key principles for reducing…
Why does the payday still exist? This article studies various explanations—economic, historical, behavioral, and legal. It concludes that the payday owes its existence to legacy legal architecture and suggests a path for legal reform.
This video presents the electronic payroll system in Peru, which helps facilitate workers’ registration and transition to formality and contributes to improving the effectiveness of labour inspections.
This report explains how workers in the United States of America are paid, highlights data showing an increasing use of payroll cards, describes the types of workers most likely to use payroll cards, and outlines the benefits and risks of…
This report provides findings from consumer research on employee payroll card usage and opportunities for improvement in card design and delivery in the United States of America.