Little has introduced MySalary, a new on-demand salary access platform designed to transform how employees in Africa receive their wages. Moving away from the traditional monthly pay cycle, MySalary allows employees to access a portion of their earned wages anytime, offering greater financial flexibility and control.
What is MySalary?
It is a nano-lending platform that provides employees with small salary advances based on the number of days they have already worked. The platform is easy to use, ensuring a smooth and secure experience. With strong security measures, transactions are safe and funds are transferred directly to mobile money or bank accounts.
Key Benefits
- 24/7 Access: Employees can withdraw part of their earned wages anytime, reducing financial stress.
- Seamless Integration: Employers can incorporate the app into their payroll systems without extra costs or changes.
- Higher Productivity: Less financial stress means happier, more engaged employees.
How It Works
- Download the MySalary App from Google Play, App Store, or Huawei Store.
- Register and link employment details.
- View real-time earned wages.
- Request a withdrawal and receive funds instantly in a mobile money or bank account.
According to Little, reducing reliance on high-interest loans, the application promotes financial stability for employees. Employers benefit from increased staff retention, improved well-being, and a more productive workforce.
