The challenge
Helping workers thrive by delivering greater value and incentives
Businesses are constantly seeking ways to build stronger relationships with their workers. And attracting new talent—and achieving and maintaining loyalty from those workers—begins with supporting their successful financial futures. Nevertheless, preventing the attrition of their workforces is an ongoing struggle for businesses. Here’s what they’re up against now.
It’s getting harder to retain workers
Hiring and retaining talent is more difficult, more competitive, and more expensive than ever
Costs of worker benefits are rising
This can quickly add up for employers, so they need to find ways to offset the cost of worker benefits
Pervasive financial insecurity
53% of gig workers feel they don’t have effective access to retirement and savings plans 1
Standing out from competing employers
With so many businesses in need of talent and so many gig-work platforms readily available now, workers can be choosey
The Solution
Embedded financial tools that support worker financial success
Increase your worker loyalty and offset payroll costs simultaneously. Give your workers access to the financial tools they need—and even faster access to their hard-earned funds—so hiring and retaining the talent you require is seamless. All directly with your own branded ecosystem.
Foster worker loyalty
Address the top concern of workers by offering them faster access to their earnings—thus creating a satisfied and loyal workforce
Empower workers
Transform your workers' financial landscape by unlocking access to financial services with true value, like customized rewards and everyday banking tools
Generate revenue
Recapture payroll costs with a card program that generates interchange, allowing you to offer accelerated wage access (AWA) in a way that makes financial sense for your workers and your business
Make life easier for gig workers & freelancers
Offer those who operate as commercial entities the tools to support all of their financial needs—from business expense related rewards to simplifying tax returns at year end
Why now
Embedded finance takes care of workers and reinforces their affinity for your company
Faster pay can be a big differentiator
79% of freelancers said they would choose one gig platform over another if it could pay instantly without fees 2
Data-informed decisions for everyone
Access valuable data insights on your workers to help you make more informed decisions on how to strengthen your value prop and support their financial needs
Streamlined and simplified
Have a single partner to manage cards, risk, and program management, and a full suite of money movement features including direct deposit & early pay, ACH, fee-free ATM, cash deposits, bill pay and instant funding
Why Marqeta
Our proven solutions
End-to-end banking
Leverage our complete set of components to build an end-to-end banking solution, with everything from digital wallets to rewards and more.
Instantly disburse earnings
Workers’ hard-earned funds get sent to an account that’s paired with physical, virtual, and tokenized cards and robust, flexible banking features.
Get to market quickly
All while navigating a changing regulatory environment and enjoying the hands-on support from our payments experts
You don’t need to have all the answers. Let’s figure it out together.
Let us help you see if these embedded finance solutions are right for your workers. Seamlessly integrate them within your business to empower workers by addressing their most pressing financial needs, fostering greater loyalty, transforming workers’ financial lives, and accelerating business growth. And we can help you figure out how to best support them.
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© 2024 Marqeta, Inc. 180 Grand Avenue, 6th Floor, Oakland, CA 94612