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1. Benefits for Employer: . Worker's attraction and retention Evidence from the existing literature suggests that EWA services may help employers attract and retain workers, a point frequently stressed by providers in their engagement with client companies. In Mexico, for instance, a study revealed that workers using the service exhibit a lower probability of leaving their jobs compared to non-users .In the United States, a survey found that 95% of workers expressed interest in working for companies providing EWA, 89% would be willing to work longer for an employer offering EWA, and 79% would contemplate switching jobs to access EWA benefits. End-user surveys conducted in India, Malaysia and Vietnam yielded similar findings. Respondents rated the likelihood of EWA influencing their decision to consider a new job on a scale of 0 to 10. The average scores ranged from 7.9 to9.0 across different providers. Focus group discussions with workers in Indonesia, however, pointed to a different conclusion. Although workers generally considered EWA a benefit oft heir job, it was not as decisive as wage levels and working environment

2. Employee Benefits: When offered to contract or platform economy workers EWA services may increase activity. Offering instant payouts, as seen in platform companies, can incentivize more workers to be active, driving up company revenue. Additionally, providing immediate pay for services like delivery driver scan improve cash flow and help offset budget constraints. Increased activity for companies employing contract workers

3. Employee Benefits: Evidence suggests that financial stressors can significantly impact employee productivity, leading to issues such as absenteeism and presenteeism. In the United Kingdom, the Centre for Economic and Business Research found that10% of workers missed days of work and 18% noted a decline in productivity due to financial worries. EWA services may boost worker productivity by alleviating financial stress, as noted in the previous section . This is supported by evidence from the Good Business Lab study in India, which reported an 8% increase in productivity among women using EWA services. Potential improvements in productivity

4. Benefits for workers : Improved financial wellbeing and health EWA services may help workers manage financial emergencies and address mismatches between salary and expenses, fostering greater financial control, resilience, and independence. End-user surveys, conducted with 60 Decibels, were encouraging. For one provider in India, 82% of users reported better financial management, with 36% experiencing a significant improvement. Additionally, 76% found it easier to handle unexpected expenses, with 33% noting a significant improvement. Savings balances also increased, with 52% of users reporting growth, including 8% seeing a significant rise. Similar trends were observed in Malaysia and Vietnam, though with less positive outcomes. Focus groups in India and Indonesia reported enhanced financial independence and security. Workers noted improved mental health and a sense of empowerment, knowing they had a reliable resource for immediate financial needs without relying on external help. For some, EWA served as an important safety net for themselves and their families. Gender differences are also relevant. A study by the Good Business Lab in India highlighted the greater financial strain on women and the potential of EWA services to meet their needs.

5. Alternative to costly and potentially harmful loans EWA services can help workers avoid predatory and higher-risk financial options, s teering them away from costly alternatives such as short-term loans, which often carry high interest rates and fees. It may also be an important alternative for workers with limited access to traditional financial service providers. Interviews and focus groups in Indonesia further highlight that workers perceive EWA as a safer alternative to online loans, which often impose significant burdens through harassment and threats when payments are delayed. Workers with access to EWA report a reduced dependence on these online loans. End-user surveys also suggest that EWA may be displacing other financial options. Across providers in India, Malaysia and Vietnam, between 60% and 87%of workers reported relying exclusively on EWA services, with the second most common source being family and friends. Paying off debt was also identified as a relevant use case of EWA services, for up to 26% of the end users. Similarly, findings from the Good Business Lab study in India revealed a 30%reduction in informal lending among women who began using EWA services.

6. Alternative to costly and potentially harmful loans Workers that participated in the focus groups in India and Indonesia stressed the social advantages of EWA, which allowed them to avoid harassment in the form of gossip and even bullying, often experienced when requesting a loan from family or friends. EWA was described as alleviating the stress and discomfort associated with having to justify their financial needs to others and the uncertainty of whether their requests for assistance would be fulfilled. End-user surveys identified a similar trend. Across providers in India, Malaysia and Vietnam, between 52% and 85% of respondents reported reduced stress due to finances and 50% to 86% increased self-confidence after being able to access EWA services.

7. Workers in the focus groups in India and Indonesia frequently highlighted the convenience and speed of accessing their wages through EWA, with many not Ing that they could obtain funds within minutes. This sentiment was echoed in the end-user surveys in India, Malaysia and Vietnam, where 87% to 99% of respondents rated the timeliness of the service as good or very good. Convenience and timeliness of the service