Contact us: digitalwages@ilo.org
Contact us: digitalwages@ilo.org
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 webinar, organized by Better Factories Cambodia, featured speakers from the World Bank, Microfinance Opportunities, and BSR.
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…
The ILO and Women’s World Banking, along with the Australian Government’s Department of Foreign Affairs and Trade hosted a webinar on digital wage payments given its potential to empower workers, particularly women workers, by increasing their control over their wages…
This report summarizes the discussion of a virtual conference on the opportunities and challenges created by digital wage payments, organized on 3 February 2021 by the International Organisation of Employers, in collaboration with the International Labour Organization and the Better…
On 3 February, IOE, in collaboration with the International Labour Organization and the Better Than Cash Alliance, organised a digital conference on the opportunities and challenges in digital wage payments, as well as on lessons learned in the field.
This webinar is the second in the Global Learning Exchange Series on Digital Payments, hosted by the International Labor Organization (ILO), International Finance Corporation (IFC), the IFC/ILO Better Work Programme, and the UN-based Better Than Cash Alliance. The main objectives…
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.
Millions of garment workers and their families are severely affected by the COVID-19 pandemic, especially in countries where with social protection systems are underdeveloped. Around the world, several governments are leading by example by implementing policy and regulatory changes that…