Summary
Salary++ advances are funded by a regulated NBFC partner, not by the employer. InOps provides the technology, attendance and wage data, and the worker app. The employer recovers advances through payroll.
Salary++ advances are funded by a regulated NBFC partner, not by the employer. InOps provides the technology, attendance and wage data, and the worker app. The employer recovers advances through payroll. Here is how each part works.
The four parties
| Party | Role |
|---|---|
| Worker | Requests a withdrawal from earned wages through the app |
| Employer or contractor | Shares attendance and payroll data; deducts advances at payroll |
| InOps (Salary++) | Calculates earned wages, runs the app, connects the parties |
| NBFC partner | Funds the advance to the worker's bank account; receives repayment |
The flow, step by step
- Attendance is captured through biometric devices, face readers or the app.
- Salary++ calculates the worker's earned wages and withdrawal limit.
- The worker requests an amount in the app and confirms the fee.
- The NBFC partner transfers the money to the worker's verified bank account.
- At payroll, the employer deducts the total withdrawn.
- The employer settles that amount with the NBFC partner.
Who carries what
- Capital: the NBFC partner
- Credit risk: not the employer. Limits tied to earned wages keep exposure low.
- Operations: InOps runs the platform and supports workers
- Payroll recovery: the employer or contractor
Why this model
- Employers offer EWA without using working capital
- Workers get money from a regulated entity, not an informal source
- Limits based on verified attendance keep withdrawals within earned wages
Frequently asked questions
- Does the employer sign an agreement with the NBFC?
- This depends on the programme structure. Discuss with us during setup.
- What happens if payroll is delayed?
- Settlement follows the payroll date. Discuss your payroll calendar during setup.