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Why Instant Pay is becoming more popular during inflation
Rounding it up
Inflation is the reduction in the value of money; it occurs because there is more currency in the economy but fewer goods available for purchase.
Instant Pay is popular during inflation because it provides quick access to your money so you can pay bills, avoid fees, and take care of emergency expenses.
Unlike traditional paydays, Instant Pay doesn’t make you wait weeks or months to get access to your funds. That makes it a powerful tool during inflation when prices rise quickly.
Instant Pay is also great for employers because it increases employee retention and productivity, making it easier to meet business goals in a competitive labour market.
Dan Bucherer
Dan is a runner and writer living in the Washington, D.C. area, where he currently works for a financial services trade association as the Communications Director.
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