Clair, MetaBank, Galileo to give America's workers instant access to their earnings

Friday 14 May 2021 10:55 CET | News

Clair, a social impact embedded fintech startup, has teamed up with nationally chartered MetaBank and API-based payment processor Galileo to give America’s workers instant access to their earnings.

Clair aims to transform how America’s 82 million hourly workers and 57 million gig workers get paid. The news follows Clair’s recent announcement of a strategic partnership with Mastercard to enable hourly workers to receive instant no-fee advances on their earnings, and to access their money at ATMs or in-store using a Mastercard debit card, according to the official press release.

Together, MetaBank, Galileo, and Mastercard enable Clair’s on-demand payment business model - a model which allows workers to by instantly accessing no-cost wage advances based on the hours they have worked.

The partnership will provide Clair’s users with access to digital banking services, including FDIC-insured deposit accounts with no monthly fees, inactivity fees, or overdraft, the press release adds.

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Keywords: partnership, Open Banking, API, fintech, gig economy, debit card
Categories: Banking & Fintech | Payments General
Countries: United States
This article is part of category

Banking & Fintech