Emerald Finance Ltd Partners with Diplast Plastics to Offer Early-Wage-Access Program
Oct 21 2024 | 6 months agoEmerald Finance Ltd, in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, has announced a partnership with Diplast Plastics Limited to introduce an Early-Wage-Access program for its employees. Diplast Plastics Limited, a leading manufacturer of plastic products in north India, will aid Emerald Finance Ltd in providing instant financial relief to its employees by enabling them to access part of their salaries seamlessly throughout the month. This partnership aligns with Emerald Finance Ltd's vision to expand its offerings and serve retail customers at large by providing salary advance solutions through employer tie-ups. The amount lent is then collected through salary deduction.
- Emerald Finance Ltd partners with Diplast Plastics Limited to offer Early-Wage-Access program to employees.
- The partnership aims to provide instant financial relief to employees by allowing them to access part of their salaries throughout the month.
- Emerald Finance Ltd has been working on a salary advance solution to expand its offerings and serve retail customers at large.
- The product entails tying up with employers to offer short term loans as salary advance, with the amount lent being collected through salary deduction.
- The partnership is in line with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.