The continued partnership enables Beforepay to funnel the payments from its platform onto the NPP, which means that Beforepay will be allowed to continue to offer fast approvals for its services in the face of increased demand.
Beforepay was founded in 2019, and it helps Australians close the payday gap faced by salaried employees. For a 5% transaction fee, the company provides an interest-free deposit of up to USD 200, which aims to cover costs for unexpected bills or events ahead of an employee’s wage arriving in their bank account.
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