A game-changing financial wellness benefit for employees living paycheck to paycheck
PayActiv is a mobile app that provides the funds for earned wage access. A certified B Corp and Public Benefit Company, it offers flexibility in how users access their cash, including through direct cash pickup, PayActiv prepaid card, instant Visa or Mastercard debit card load, ACH payment, or by using wages to pay bills, make purchases on Amazon, or purchase rides on Uber.
Although no laws have yet passed, most of the bills introduced thus far do not consider EWA products to be loans. California is an exception.
Digital banking solutions company Payfare is expanding to offer clients earned wage access. Payfare will target workers in Canada and in the U.S., which it …
The fintech says its users took out 70 million cash advances in 2022, and many grew their paychecks along the way.