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Instant Pay is now available on ADP Marketplace
Rounding it up
Instant Pay is a free payroll benefit that gives employees on-demand access to their pay.
No more waiting weeks for your paycheque
Employees can access up to 50% of their earned pay, every day.
KOHO facilitates the benefit for employers.
KOHO, a leading fintech company that aims to democratize access to wealth creation for Canadians, is now offering Instant Pay to employers across Canada who use ADP Workforce Now®. Instant Pay is a form of on-demand pay that offers workers the ability to cash out pay for every day they work. Employers can now provide this turnkey benefit seamlessly and for free through integration with ADP®.
How Instant Pay works
KOHO works with employers to set everything up, from employee communication to dashboard creation. Here’s how it works:
Employees can sign up for Instant Pay in 5 minutes or less.
Once onboarded, they’ll be able to start using Instant Pay right away.
After each work day, they’ll have the ability to cash out up to 50% of their earnings.
KOHO provides the funds up-front and recollects that money from employees come payday.
To make things as seamless as possible, KOHO’s integration for ADP® offers employers the opportunity to seamlessly roll Instant Pay out to their employees.
“About half of Canadians live paycheque to paycheque and there’s no doubt the two week pay cycle adds financial stress for a lot of people,'' says KOHO CEO Dan Eberhard. “Instant Pay can help Canadians get themselves out of the debt cycle and on track, financially. It also shows employees their financial health is something their organization cares about.”
ADP Marketplace is a digital HR storefront that provides HR tools for organizations that use ADP® for payroll and other services. It offers everything including recruiting, benefits, wellness, and compensation solutions, making it a great fit for managing Instant Pay. In making our solution available to ADP Workforce Now clients, we’ve ensured your employees (and you!) will know Instant Pay is supported by one of the industry’s leaders in HR solutions.

Why employers will love Instant Pay
Here are a few reasons you, as an employer, might be interested in offering Instant Pay to your employees:
Engaged employees are more effective employees. Too many Canadians live paycheque to paycheque, and each year 2 million Canadians use payday loans. Payday loans are typically the most expensive form of credit; they have high fees and interest rates that shake out to cost around 500% per year. The high costs make them much harder to pay off and, as a result, people often find themselves in a debt cycle of borrowing more money and falling further into debt.
According to a Financial Wellbeing Index from LifeWorks, one-third of working Canadians spend their entire paycheque or more in a typical paycycle, while 53% have little or no emergency savings.
Instant Pay provides employees access to funds they’ve already earned, allowing them to cover costs in the event of emergency without having to rely on pricey loans. It’s been rolled out to several workplaces already and employees are taking advantage of the ability to access early pay.
“I found out about Instant Pay through an email from my employer and thought it was a great idea,” Instant Pay user Viau Francis says. “I forgot to pay for my internet services and they cut the wifi. I didn't have enough in my account to cover it so I used Instant Pay.”
Why employees will love Instant Pay
Instant Pay is a benefit that can be offered to employees for free, at no cost to employers. The demand for earned wage access is growing and it’s something employees are interested in. According to a Visa study, 95% of employees are interested in working for an employer that offers on-demand pay and 79% would be willing to switch to an employer that does.
With the labour market tightening, employers are searching for innovative ways to attract and retain the best talent. Offering innovative benefits, such as Instant Pay, is a great way to stand out among your competitors.

ADP, the ADP logo, and ADP Workforce Now are trademarks of ADP, Inc. or its affiliates or licensors. The information in this document was prepared by KOHO and KOHO is solely responsible for its accuracy and completeness. ADP makes no representation as to the accuracy or completeness of any information contained herein.
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