Embedded finance for companies with 1,000+ employees
If you employ many people, most likely, you face the challenges related to the churn rate, employee's lifetime with your organization, their loyalty and costs related to personnel.
Financial products embedded to the core business processes of your company help to reduce costs of payments, improve loyalty (and reduce churn rate) and get even deeper into employees' life so you know more about their needs and can address them better.
Here are the few (not all) solutions we use to build projects for large employers.
Branded salary cards
low (or even nil) cost of salary transfers
card instead of ID badge to access your sites
transaction data about purchases your employees do
Branded loans and EWA
consumer loans based on the real income and spend
earned wage access for those who can't wait till the payday
target loans, where usage is limited by specific merchants
Loyalty programs
automated cashback up to 20% for purchases with specific merchants
salary card as unified identifier for third-party loyalty programs
opportunity to develop your own loyalty program for employees
Incremental revenue
sharing of revenue related to domestic and cross border transfers of your employees
sharing of revenue generated by cards' payment volume
reduction of costs related to churn rate and hiring processes
Transaction data
know, where and when your employees pay
get notified when employees do purchases at exact merchants
analyze the data to forecast raises, bonuses or terminations
Other solutions
branded customized insurance products for employees
branded mobile networks with data products based on usage of mobile network
integration with close loop payment providers (schools &, campus solutions, etc.)