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Without a doubt about NAB, BPAY quietly straight back pay day loan killing API

Without a doubt about NAB, BPAY quietly straight back pay day loan killing API

Earnd overlay solution accesses wages while they accrue.

The times of cash-strapped workers being obligated to max their charge cards and take away payday advances at interest levels above 20 per cent could soon be numbered, all by way of a modest API that pits usage of pay-as-you-earn wages against rapacious unsecured financing rorts.

In a move that competes straight against profitable charge card interest and interchange charges, NAB and BPAY have quietly supported an software deliberately created being a term that is short killer that harnesses use of the New Payments system via BPAY overlay solution Osko to expedite use of pay-in-arrears.

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