Hi guys, welcome to the Fintech Coffee Break, I'm your host Isabelle Castro. This week I shared my coffee break with Stacy Greiner, Director of Product Management at DailyPay.

DailyPay is a forerunner in the US and wage access space. Working with employers all over the country, they empower them to offer their employees access to wages they have already earned on demand, moving away from the traditional first and 15th-of-the-month salary. 

While DailyPay is transparent and offers employees different options for access, some of which are free. That is not the case across the industry. The fairly nascent space has been the subject of criticism about dubious fee structures, at times offering little benefit over expensive loan options. Regulators have only just started tackling the space, with vulnerable employees at times being caught in the crossfire. 

I spoke to Stacy about DailyPay's approach and the potential of earned wage access should predatory actors be eradicated.