Little has launched MySalary, a new platform that allows employees across Africa to access their earned wages on demand, no more waiting for monthly paydays.
Employees in Control of Their Salaries
Launched in Nairobi today, MySalary allows workers to withdraw parts of their accrued salary through a simple mobile app. This will reduce dependency on high interest loans and predatory lending practices.
“MySalary is a nano-lending platform that allows employees to have small salary advances based on the number of days they have worked in the month,” said Kamal Budhabhatti, CEO of Little, during the launch.
The platform has robust security features, ensuring safe and secure transactions that send funds directly to employees’ mobile money wallets or bank accounts.
How MySalary Works
MySalary integrates with existing payroll systems to calculate salaries in real-time. Employees can use the service by following these steps:
Download the MySalary app from major app stores.
Register employment details to link to the payroll system.
View accrued salary based on workdays completed in the current pay cycle.
Request a withdrawal to their preferred financial accounts.
By giving employees access to their earned salaries, MySalary fills a financial gap, a more sustainable alternative to short term loans.
Benefits for Employees and Employers
The platform benefits both employees and employers:
For Employees:
Financial flexibility – Workers can access funds when needed not on payday.
Less dependence on loans – Minimise the need for salary advances and payday loans.
Better financial planning – Employees can manage unexpected expenses without financial stress.
For Employers:
Seamless payroll integration – No extra cost or disruption to existing HR systems.
Happier employees – Workers are more financially stable.
Better retention and productivity – Employees with less financial stress are more engaged and productive.
The Future of Financial Inclusion in Africa
The launch of MySalary is a big deal in the African fintech space, the continent is going digital fast. By giving employees early access to their wages, Little is addressing liquidity challenges faced by many African workers while keeping the structure and security of formal employment.Over 1,000 employees