It appears that Instpay advance in Australia context primarily refers to the Earned Wage Access (EWA) feature offered through the Employment Hero platform (formerly known as Swag). This service allows employees of businesses using Employment Hero's payroll system to access a portion of their already-earned wages before their regular payday. It's worth noting that other similar "early pay" or "wage advance" apps exist in Australia (as mentioned in the previous note on early pay apps), but "InstaPay" specifically refers to the Employment Hero product.
In summary, InstaPay Advance in Australia, primarily through Employment Hero's Earned Wage Access feature, offers eligible employees a way to access a portion of their already-earned pay for a small fee before their regular payday. It's an employer-provided benefit aimed at improving financial flexibility for employees