PayPal Partners with UKG for Early Payroll Access via Direct Deposit

PayPal has announced a collaboration with UKG to enable U.S. employees, whose pay is processed through UKG Pro, to easily set up Direct Deposit into their PayPal Balance accounts via their employer’s payroll portal. This integration allows employees to access their payroll funds up to two days in advance. Users can sign up or link an existing PayPal Balance account effortlessly. This initiative is expected to attract more users to PayPal’s digital wallet services, which include benefits like cash back with the PayPal Debit Mastercard and a high-yield savings account with Synchrony Bank. With 64% of U.S. consumers using digital wallets, this move aims to solidify PayPal’s market presence by providing quicker access to funds and expanding its suite of financial products.