Green Dot enters banking-as-a-service partnership with Dayforce

By Delisha Fernandes

Green Dot Corporation, a digital bank and FinTech providing seamless banking and payment services to consumers and businesses has announced its partnership with Dayforce.

Through this partnership, Green Dot will serve as the U.S. banking provider for Dayforce Wallet, the HCM company’s on-demand pay solution. By leveraging Green Dot’s Banking-as-a-Service (BaaS) platform, which offers end-to-end Embedded Finance solutions for partners, Dayforce Wallet can deliver employers and their employees a suite of services, including access to earned wages on demand through the mobile app, linked prepaid cards for making purchases, and cash withdrawals at a network of fee-free ATMs.

“At a time when employees crave more wellness support from employers, on-demand pay is a critical benefit that will soon become the norm for many employers and employees across all industries,” said Deepa Chatterjee, COO, Dayforce Consumer Services, Dayforce. “Through innovations like Dayforce Wallet, we’re helping to make work life better for our customers and their people – and we look forward to partnering with Green Dot as our new banking partner for our award-winning on-demand pay solution.”

With this new partnership, Green Dot will facilitate banking services for Dayforce Wallet users in the United States, continuing to free up access to earned wages for employees who have access to this benefit. Existing and new Dayforce Wallet users will continue to have access to their earned wages at no cost through the Dayforce Wallet app.

“Today’s workers want flexible, seamless access to their earned wages along with tools that can help with understanding and managing cash flow,” said Simran Singh, Head of Enterprise Business Development, Embedded Finance, Green Dot. “We’re thrilled to partner with Dayforce to better support employers and their employees in making on-demand pay embedded banking and finance solutions available to the huge population of Americans that need and want that flexibility.”