SalaryFits, a leading fintech company in employee benefits solutions, announces the launch of a new feature in its multi-benefits app: the advance payment of up to 40% of salary via Pix (Brazil's instant payment system). This innovation offers greater financial flexibility to employees, addressing emergencies and specific needs quickly and efficiently.
“We understand that, in certain situations, a credit card may not be enough. There are times when employees need cash on hand to settle a debt, pay a bill, or avoid the high interest rates of overdrafts,” explains Fin Gnieser, Head of Product at SalaryFits. “With advance payment via Pix, we offer a practical and secure solution for these immediate needs, with instant release of funds into the bank account.”
How it Works
The new feature is available to employees of companies that use SalaryFits for automated benefits management. After the company includes the salary advance app as part of its benefits package, employees can easily register by sending a photo of their ID and a selfie for identity verification. Once registered, they can request an advance of up to 40% of their salary directly into their bank account, with the lowest market rate of 3.99%. The amount is received in real time in the employee's bank account.
In addition to advance payments via Pix, employees also have the option of using a physical or virtual credit card provided by the SalaryFits app, accepted at all card terminals in physical and online establishments, without any fees.
Commitment to Financial Health
SalaryFits' main focus is to provide practical and fair financial benefits, promoting the financial health of employees and preventing long-term debt. Therefore, we do not allow installment payments by credit card and never advance more than 40% of the next salary. "Our goal is to provide solutions that truly make a difference in daily life, without compromising the financial stability of workers," emphasizes Gnieser.
Additional Benefits
Salary advances are in addition to other benefits offered by SalaryFits, such as the discount club, which covers more than 5,000 brands in 25,000 stores across Brazil, for both online and in-store purchases. "With all the features we offer in our app, we not only promote healthier financial habits, but also increase workers' purchasing power," adds Fin Gnieser.
