Salary-on-demand platform Refyne arrives on WhatsApp

Earned wage access platform Refyne on Tuesday said its salary on-demand service is now available on WhatsApp that will help employees access their paychecks in real time.

The users can get started by simply sending a WhatsApp to Refyne.

The startup will then guide them through some quick steps to complete the required KYC and on successful completion, they can begin transacting instantly.

The startup, which currently works with over 200 employers and has over 1.5 million employees on its platform, said it is fully compliant with the Reserve Bank of India (RBI) laws and the employee data remains secure.

"In India, 1 in 3 people live paycheck to paycheck and a significant portion has zero or very limited access to credit. As a result many are underserved or unserved for reasons ranging from financial literacy to credit data to geographic constraints," said Chitresh Sharma, CEO and CO-Founder, Refyne.