Connecticut Welcomes Back On-Demand Pay

NEW YORK, NY, UNITED STATES, July 10, 2025 /EINPresswire.com/ — DailyPay, a worktech company and the leading provider of On-Demand Pay, welcomes the full return of its On-Demand Pay service in Connecticut. With the passage of Senate Bill 1396, Connecticut became the 12th state to regulate On-Demand Pay, driving regulatory certainty for the growing industry and users relying on innovative financial products. The bill was signed into law by Governor Ned Lamont on July 8, 2025 and goes into effect on October 1, 2025.

With the passage of SB 1396, On-Demand Pay providers are exempted from Connecticut's Small Loan Act’s annual percentage rate and other requirements of traditional loans and credit products.

The Connecticut legislature allows Connecticut workers to have additional freedom of choice, demonstrating On-Demand Pay’s positive impact on the financial well-being of Connecticut workers. Upon the law’s effective date, Connecticut users will now have additional ways to access their earned pay. Connecticut users will now have the same flexibility and empowerment that’s helping workers nationwide, with no-fee and low-fee transfer options to a bank account of their choosing.

Recently, an independent survey conducted by the University of Connecticut, found that workers who lost access to On-Demand Pay had to go without what they needed or turned to high-cost alternatives to access liquidity. Realities such as this helped to highlight for Connecticut legislators the need for a solution that would allow On-Demand Pay to fully operate in the state again, ensuring a critical tool for workers’ financial flexibility was available.

DailyPay’s On-Demand Pay solution empowers employees with access to their earned pay when they need it and provides tools to optimize their income, helping them maximize their time, achieve financial stability, and ultimately, become happier and more productive at work. It is a safe and important alternative to late fees, overdraft fees, or high-interest credit products.

About DailyPay
DailyPay is a worktech platform that offers industry-leading On-Demand Pay, as well as financial wellness solutions, for employers and employees. DailyPay serves a business-to-business-to-consumer (“B2B2C”) ecosystem with its mission to power daily opportunities by providing employers with solutions to create a more engaged and productive workforce and by empowering employees to live a better financial life. DailyPay’s platform, featuring an industry-leading On-Demand Pay solution, empowers employees to take control of their working lives, realize the benefit of their hard work in real time, and help them break living the paycheck-to-paycheck cycle. DailyPay is headquartered in New York City. For more information, visit www.dailypay.com/press.  

Media Contacts:

David Schwarz
David.Schwarz@dailypay.com

Samantha Padilla
Samantha.Padilla@dailypay.com