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by potamic
1795 days ago
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I have a cynical view of how this product is going to turn out. Instant, easy access to wages is going to form habits in users to live on a day-to-day basis instead of budgeting for a month. With no headroom they will be that much more desperate in an emergency and that's the time to attack them with loans. The end game is always loans. That's the only way to make money in finance. |
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Providing more competitive and safe and professional options can only help, it can't make an already-bad situation worse.
The only situation worse than having to take a payday loan is not being able to shop for a decent vendor who isn't trying to screw you.