Refyne Launches Salary On-Demand On WhatsApp
Refyne has announced the launch of its services on WhatsApp to provide customers a fast, seamless and convenient way to access their salaries, real time. With this, Refyne becomes India’s first financial wellness company to offer salary-on-demand on WhatsApp.
Refyne enables employers to pay salaries to their employees between paycycles, as they earn it, in real-time. With the launch on WhatsApp, employees can simply avail their accrued salaries in seconds.
With the availability of Refyne on WhatsApp, Salary On-Demand can be accessed by many more audiences who may be less tech-savvy yet comfortable with using WhatsApp. Users can get started by simply sending a WhatsApp to Refyne. They are guided through some quick and easy steps to complete the required KYC and on successful completion, they can begin transacting instantly. The service is fully compliant with RBI laws and the employee data remains secure as per Refyne’s privacy policy. Furthermore, all transactions are secure and follow two factor authentication.
“In India, 1 in 3 people live paycheck to paycheck and a significant portion has zero or very limited access to credit. As a result, many are underserved or unserved for reasons ranging from financial literacy to credit data to geographic constraints. We believe the combination of sensible financial products and technology can be a great enabler in driving financial inclusion. Given WhatsApp’s penetration in India, we feel it is a step in the right direction for making Salary On-Demand accessible to a large number of Indians”, said Chitresh Sharma, CEO and co-founder, Refyne.
