Financial flexibility is extremely popular with consumers today, and taking the next step in making earned wage access (EWA) even more accessible, EWA and financial wellness benefits provider, Payactiv, Inc., has launched its new offering, Visa+.
With Visa+, Payactiv is expanding how people access their money, without the need to share debit card or bank account information. Through the new feature, customers will be able to disburse their earned wages to Venmo and PayPal in real-time.
Payactiv provides solutions that remove obstacles to financial growth for both businesses and their people. With Visa+ and five fee-free EWA disbursement options, Payactiv continues its mission to make financial wellness more accessible for all.
Safwan Shah, founder and CEO of Payactiv
Visa+ offers a streamlined method for directing funds disbursements to participating digital wallets in real-time. US-based users can create aliases in their digital wallets and transfer their wages to their designated digital wallet accounts. For example, a PayPal user would provide “+JohnSmith.PayPal” to direct the disbursement to their PayPal account, or “+JohnSmith.Venmo” for their Venmo account.
“Financial security is the foundation for meaningful growth, both at work and in life,” said Safwan Shah, founder and CEO of Payactiv. “Our integration with Visa+ empowers employees to access their money on their terms, enhancing financial control and freedom.”
Steve Boyd, senior director HRIS at American Senior Communities
“Our workforce values flexibility and convenience, and with Payactiv’s Visa+ integration, our employees now have real-time access to their earned wages through familiar platforms like Venmo and PayPal. This empowers them to manage their finances on their terms, which ultimately boosts employee satisfaction and retention,” said Steve Boyd, senior director HRIS at American Senior Communities.
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