FAQs
Your questions, we answer!
For Employers
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FriYAY is an Earned Wage Access (EWA) program, an employee benefit enabling financial wellness at the workplace through the flexibility of on-demand access to employees’ salary which they already earned but not yet received, without having to wait till their scheduled payday.
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Companies need to get enrolled to the program by submitting payroll details of employees. Once employees are onboarded and registered on the FriYAY app, they can start accessing a portion of their salary by a click of a button.
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Friyay is a zero-cost program for the company to roll out and no risk for the company as the funding for the program will be from us.
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FriYAY does not charge any subscription or recurring fee, just a minimal transparent fee for per withdrawal beared by the employee.
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It can be as fast as within weeks once we connect and integrate with your HRMS.
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Yes. The data transmission is encrypted and PDPA compliant just like any of your HRMS.
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FriYAY is designed to free up cashflow for employees’ day-to-day financial or emergency needs. Many measures has been set in place to ensure it is self-regulating. Get in touch with us if you like to find out more.
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Our HR dashboard allows you to activate and deactivate an employee with ease.
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No it is not a loan and does not incur any accrued interests, late fees or hidden charges. Employees would be drawing on their salaries as they earned it.
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Sure, get in touch with us and we could set you up for a portion of your employees.
For Employees
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Any employee working for a registered company in Singapore.
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No it is as normal. Whatever amount that is being withdrawn early will be deducted from your next salary.
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No it doesn’t as it is not a loan. It is just accessing salary that you have already earned.
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Money will be sent to your salary crediting bank account within 24 hours of a withdrawal request.
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It is available for download in the Apple or Google Play stores.