Payfare Faces Revenue Shift with DoorDash Agreement End

Payfare (TSE:PAY) has released an update.

Payfare Inc., a leader in digital banking and instant earnings access, has announced the non-renewal of its pivotal DasherDirect card program agreement with DoorDash, which will significantly affect its revenue projections for 2024. Despite this setback, Payfare is optimistic about its growth prospects with ongoing and new Earned Wage Access programs in various sectors, backed by over $100 million in capital. Additionally, the company acknowledges the resignation of board director Mr. Hugo Chan due to personal reasons.

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