ABN AMRO’s (AMS: ABN) freelancer payout solution Payday is launching a new pilot in collaboration with Younited®, the widely-used platform for self-employed workers: the Payday Freelancer Wallet app.
The freelance market continues “to flourish and grow,” according to an update from the ABN AMRO. In 2020, Payday by ABN AMRO first started “offering a direct payment proposition for self-employed professionals, enabling them to be paid directly after getting their hours approved.”
Since then, the Payday user base has reportedly grown to more than 10,000 freelancers.
In order to give freelancers even more control over their income, Payday’s latest pilot “introduces a new feature: the Payday Freelancer Wallet.”
Using the Payday app, connected freelancers are able to “decide for themselves when they want to get their invoices paid out.” The money is “available in the Wallet from the moment the worked hours have been approved.” Pressing a button is “all it takes for Payday to transfer the money directly to their bank account.”
In addition to offering immediate on-demand access to earned income, the Payday Freelancer Wallet provides “a clear overview of past earnings.”
Waiting 30 days for payment is “a thing of the past for freelancers working via Unique Powered by Younited®, the first platform for self-employed professionals to offer this super-fast payment method.”
The pilot will “provide a lot of value to these entrepreneurs.”
Jolijn ten Have, Operations Manager of Younited®, commented:
“With the Payday by ABN AMRO Freelancer Wallet, Younited is providing our self-employed users the independence and flexibility to decide at any moment to get their invoice paid earlier. No more waiting until the end of the month.”
Check here for additional information about Payday (in Dutch).
As covered in May 2022, ABN AMRO’s investment clients are now able to see what impact they have made with their investments.
The impact was already stated in the quarterly updates clients received, “but is now also visible in internet banking and via app.”
As noted in a blog post, ABN AMRO’s investment clients can see exactly what impact they have made with their investment portfolios (now visible via their Internet banking and via app).
Vincent Triesschijn, head of ESG at ABN AMRO, stated:
“Our clients want to have an insight into the sustainable impact they are making with their assets in addition to an overview of the financial results. If a client would like to get in touch with us to discuss increasing the sustainability of their portfolio, we will be happy to talk to them.”