Fintech

Revolut launches pay-as-you-earn tool for UK workers

New feature mirrors efforts by the likes of Greensill to allow staff to get paid sooner after working their hours

Revolut's Payday feature will be available to UK businesses, allowing staff to get a portion of their salary early
Revolut's Payday feature will be available to UK businesses, allowing staff to get a portion of their salary early Photo: Revolut

Revolut has launched a tool that will allow UK workers to get paid a portion of their salary as they earn it, rather than waiting until the end of the month.

Companies can connect their payroll systems to Revolut to allow staff who bank with the firm to draw down a percentage of their salary early for a flat fee, as well as see how much they’ve earned so far that month.

WSJ Logo