MIAMI & TORONTO - XTM, Inc. (QB: XTMIF / CSE:PAID / FSE:7XT), a fintech firm specializing in payment innovations, has officially launched its Earned Wage Access (EWA) solution, AnyDay™, in Canada. This rollout follows the company's acquisition of QRails, an issuer-processor, in August 2023, and the subsequent rebranding of its Today/Tipstoday brands to AnyDay™.
The AnyDay™ product, already in use by workers in the hospitality and personal care sectors, is now expanding to include healthcare employees. The EWA solution is SAP-certified and compliant, offering a payroll enhancement that allows workers to access their earned wages on demand. This service is provided at no cost to employees and is optional for businesses.
Marilyn Schaffer, CEO of XTM, highlighted the significance of this milestone, stating that the AnyDay™ app reflects the company's renewed trajectory as a key player in the global Earned Wage Access movement. Schaffer also noted a 328% year-over-year increase in revenue within the U.S. since acquiring QRails.
The launch comes at a time when high turnover rates afflict various industries and many North American workers live paycheck to paycheck. AnyDay™ aims to address these challenges by offering financial flexibility to employees, which can also serve as a retention tool for employers.
XTM's AnyDay™ EWA solution is designed for easy implementation and scalability, with integrations into leading Payroll and Time & Attendance systems as well as HR technology partners. The company aims to onboard hundreds of thousands of active employees across North America in 2024.
This news is based on a press release statement.
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