Workday has collaborated with DailyPay to introduce on-demand pay in the United States and Canada. Under this partnership, employers can offer workers, especially frontline and hourly employees, real-time access to their earned wages.
DailyPay’s Integration into Workday Systems
The DailyPay solution has been seamlessly integrated with Workday Human Capital Management (HCM) and Workday Payroll since 2023. Both companies are providing an enhanced experience for their joint customers, enabling employees to access their earnings according to their preferences.
Many employees, particularly frontline and hourly workers, face financial stress due to unexpected expenses. Over half of US workers live paycheck-to-paycheck, as highlighted by a report from MarketWatch. Companies also incur significant costs related to turnover, losing approximately one trillion dollars annually in turnover-related expenses, according to Gallup.
Workday and DailyPay seek to alleviate these challenges through DailyPay’s easy-to-use platform, allowing employees to instantly access their earned pay. This benefits both parties: employers can foster a more engaged and productive workforce, while employees gain greater control over their financial lives and an improved experience at work.
Additionally, the on-demand pay feature enables employees to manage their finances according to their schedules—paying bills, saving, spending, or investing whenever they choose, not just during traditional payday cycles.
DailyPay’s Asset-Backed Securitization
In July 2025, DailyPay successfully completed a USD 200 million asset-backed securitisation (ABS) of its receivables. This process involves converting illiquid assets into marketable securities for sale to investors, supported by cash flows generated from the underlying assets.
This move has solidified DailyPay’s position in the financial services industry and strengthened its ability to work with employers to disrupt traditional two-week pay cycles. Partnering with DailyPay allows employers to deepen their connection with employees by offering flexible payment options aligned with individual schedules.
