Mail.ru Group has launched in Google Play a beta version of PayDay service, which enables employees to monitor the amount of their earnings and receive them at a convenient day.

Kommersant reports that the employee of a PayDay user company is able to get up to 70% of the earnings to their bank card on any day and at least 30% of the remaining monthly salary is transferred on the established days of salary and advance payment. It requires the employer to integrate the PayDay module into the company’s systems.

“We arrange everything on the pay day, fund the employer and transfer the money within the limit. The service is free for the client company and the employee who agreed to use PayDay pays RUB 150 commission fee per transfer if the transfer is made within an hour and RUB 50 if it is made within 24 hours (the service is commission fee free for the first three months of use),” said Mail.ru Group.

Citing the experience of foreign analogues, Mail.ru Group has highlighted that this system of payment increases the staff’s motivation and helps the staff avoid using services of micro financial organizations. The service is being tested, but it already has several clients.

Rocketbank made a similar offer to clients, but that was a loan product. Moreover, in December founder of Worki project (bought by Mail.ru Group) Pavel Guzhikov and investor Konstantin Stiskin launched “Cash in advance” service in Russia.

Pavel Guzhikov has revealed he and his partners had talks with Mail.ru Group when he was just launching the service and Mail.ru was interested in on-demand pay area, but “it did not go further than just talks”. According to Guzhikov, he does not fear competition and PayDay works differently from “Cash in advance” anyway: “Cash in advance” has 13 large companies among clients and the service is now closing an investment round.

The partner of Fintech section is