The is an interview with Steven Furman, the founder and CEO of PayTime, a company that provides earned wage access solutions to help employees access their earned wages before payday without taking out loans or going into debt.

Steven discusses the origins of PayTime, which stemmed from observing frontline workers living paycheck to paycheck and struggling with unexpected expenses. He explains how PayTime integrates with payroll and time attendance systems to allow employees to access a portion of their earned wages (typically 50%) after each shift.

The solution aims to improve financial wellness, reduce stress, and increase productivity for both employees and employers.

Steven also discusses the growth of the earned wage access industry globally, with widespread adoption among Fortune 500 companies. In Australia, PayTime has been operating for about three years and has gained traction with various brands across industries like hospitality, retail, healthcare, and mining services.

Steven highlights the benefits for employers, such as reduced staff turnover, increased productivity, and cost savings. He also touches on the future plans for PayTime, aiming to become the leading financial wellbeing solution for frontline workers and promoting the concept of real-time access to earned wages.