5 income schemes better than FD
Read More

5 Government Schemes Better Than Fixed Deposits

In India’s fast-growing digital economy, more people are joining the gig workforce than ever before. From delivery partners and cab drivers to freelancers and part-time tutors, gig workers play a crucial role in the country’s economy. Yet, many of them remain outside the formal financial system and lack the tools or knowledge to secure their financial future.
Proven. Powerful. Transformative.
Read More

Revolutionizing Financial Inclusion:
How 60 Decibels’ Impact Assessment Unlocked the Potential of KarmaLife’s EWA Product

The Power of Financial Flexibility is essential for gig and blue-collar workers in India, many of whom live paycheck to paycheck. Unforeseen expenses can lead to financial instability, but KarmaLife’s Earned Wage Access (EWA) offers a solution by allowing workers to access their wages before payday. KarmaLife partnered with 60 Decibels, a respected impact measurement agency, to assess EWA's effectiveness. Their findings revealed that EWA not only enhances financial well-being and reduces stress but also empowers users by decreasing reliance on high-interest loans. Through surveys and interviews, the study highlighted the significant impact of timely access to earnings on financial security and planning, showcasing the potential for greater financial inclusion.