Alight Solutions Launches Alight Digital Wallet to Provide More Flexible Pay Options for Workers

Rhea-AI Summary

Alight Solutions (NYSE: ALIT) has launched the Alight Digital Wallet, an innovative app-based payment solution aimed at enhancing employee financial wellbeing. This service offers two flexible options: a pay card allowing direct access to wages via a company-issued debit card, and earned wage access which permits early access to earned income. Both options integrate financial wellbeing content and are currently available in the United States, with plans for expansion in Europe and Latin America. Alight Solutions emphasizes that supporting financial health can alleviate employee stress.

Positive

• Launch of Alight Digital Wallet enhances employee financial wellbeing.
• Flexibility of pay options meets the growing demand for immediate access to wages.
• Positive impact on employee productivity and wellbeing from reduced financial stress.
• Integration capability with existing payroll systems facilitates quick implementation.

Negative

• None.

New solutions allow employees to be paid when they want and provides easier access to pay

LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- Alight Solutions (NYSE: ALIT), a leading cloud-based provider of integrated digital human capital and business solutions, today announced the launch of Alight Digital Wallet, powered by QRails. This app-based solution will enable organizations to help their people meet their unique financial needs and improve their financial wellbeing with an approach to pay that offers the flexibility workers need and want.

Alight Digital Wallet introduces two flexible payment options:

• The pay card offers an alternative to a physical check or direct deposit into a bank account via a company-issued debit card.
• Earned wage access allows employees instant access to a part of their earned wages or salary ahead of payday. Both options provide a seamless and flexible way for employees to access their salaries and manage short-term financial needs without having to wait until payday.

Both pay solutions include financial wellbeing content to ensure a better employee experience.

“For many employees, finances are the number-one source of stress, more so than work, health and even family,” explained Luca Saracino, executive vice president, payroll solutions at Alight. “When employers provide more robust support around day-to-day finances and total financial wellbeing, employees are able to better manage their financial stressors, which can positively impact all aspects of their wellbeing. Flexible pay options are a simple way employers can provide this much needed help to their workforce.”

Alight Digital Wallet solutions can be easily integrated into any payroll system. The offering is currently available in the United States and will be rolled out to additional markets across Europe, Latin America, and globally. For more information, visit www.alight.com/solutions/payroll/alight-digital-wallet.

About Alight Solutions

With an unwavering belief that a company’s success starts with its people, Alight Solutions is a leading cloud-based provider of integrated digital human capital and business solutions. Leveraging proprietary AI and data analytics, Alight optimizes business process as a service (BPaaS) to deliver superior outcomes for employees and employers across a comprehensive portfolio of services. Alight allows employees to enrich their health, wealth and work while enabling global organizations to achieve a high-performance culture. Alight’s more than 16,000 dedicated colleagues serve more than 30 million employees and family members. Learn how Alight helps organizations of all sizes, including over 70% of the Fortune 100 at alight.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220616005057/en/

Media Contact:

MacKenzie Lucas

mackenzie.lucas@alight.com

alightsolutions.com

Source: Alight Solutions

FAQ

What is the Alight Digital Wallet and its features?

The Alight Digital Wallet is a new app-based payment solution offering a pay card for direct access to wages and earned wage access for early access to earnings.

When was the Alight Digital Wallet launched?

The Alight Digital Wallet was launched recently as announced by Alight Solutions.

Which regions will the Alight Digital Wallet be available?

Initially available in the United States, the Alight Digital Wallet will expand to Europe and Latin America.

How does the Alight Digital Wallet improve employee wellbeing?

The Digital Wallet provides flexible pay options that help alleviate financial stress, positively impacting overall employee wellbeing.

How can companies integrate the Alight Digital Wallet?

The Alight Digital Wallet can be easily integrated with existing payroll systems.