Emerald Finance Ltd Partners with Ebix Corporate Services for Salary Advance Program
Emerald Finance Ltd has entered into a partnership with Ebix Corporate Services Pvt Ltd, Delhi. The collaboration aims to offer the company's Early-Wage-Access program to the employees of the partnering organization.This new venture is designed to provide instant financial relief to employees by enabling them to access portions of their salaries seamlessly throughout the month. The company has been developing a salary advance solution as part of its vision to expand its offerings and serve retail customers more broadly.
The product involves tying up with employers to facilitate short term loans provided as salary advances. These advances are subsequently collected through salary deduction mechanisms.
Stock Price Movement
Emerald Finance Ltd settled on Thursday at ₹67.56, concluding the day with a drop of 3.10%. The shares saw movement throughout the session, swinging between a low of ₹66.00 and a high of ₹73.70.Source:
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