Workday has partnered with DailyPay to provide on-demand pay in the US and Canada. Through this partnership, employers can offer workers, including frontline and hourly employees, real-time access to their money as they earn it.
DailyPay’s solution has been integrated with Workday Human Capital Management (HCM) and Workday Payroll since 2023. The companies are offering an optimal experience for joint customers, giving employees access to their earnings at their convenience.
For many employees, particularly frontline and hourly workers, unexpected expenses can cause financial stress and lower job satisfaction. More than half of US workers say they are living paycheck-to-paycheck, and companies lose about a trillion dollars each year due to turnover costs.
Workday and DailyPay aim to address this challenge with DailyPay’s easy-to-use platform, allowing employees to access their earned pay instantly. This benefits both employees and workers: employers can build a more engaged and productive workforce, while employees gain more control of their finances and an optimal experience at work. Additionally, the optimal access enables employees to pay bills, save, spend, or invest on their own schedule, not just on a payday.
DailyPay announced a USD 200 million asset-backed securitisation
In July 2025, DailyPay completed a USD 200 million asset-backed securitisation (ABS) of its receivables. ABS refers to the process of taking illiquid assets, such as loans, and packaging them into marketable securities that could be sold to investors. These securities were backed by cash flows generated from the underlying assets.
This move established a new asset class and strengthened the company’s ability to partner with employers to discontinue the traditional two-week pay cycle. Partnering with DailyPay allowed employers to optimise their connection with employees by offering pay on their own schedule.
