Power - A Financial Wellness App for Gig Workers and Employees
Power Financial Wellness Inc. has launched a new app called Power that aims to improve the financial health of individuals working in the gig economy or employees. The app offers various financial services like payments, savings, loans, insurance options, and financial planning tools. Power is a free app available on the Android platform, and it falls under the category of Business & Productivity with a subcategory of Finance.
The app provides a unique feature called Pay that allows users to cash out earned wages instantly or make payments to merchants, pay bills, or send money to friends on credit. Power offers an affordable price, and users can cash out to their preferred wallet or bank account. The app also provides an automatic saving feature that deducts savings contributions from the user's income. Users can set up savings goals and receive reminders to help them reach their targets. Power automatically qualifies users for longer-term loans up to three years, which can be accessed instantly. The app provides affordable, accessible, and appropriate solutions for individuals with unpredictable income. Lastly, Power is partnered with various insurance providers to offer medical and funeral cover to users.
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