Payactiv is a financial wellness platform that provides employers with tools to help their employees gain greater control over their financial lives. It offers various services and features aimed at promoting financial stability and reducing the financial stress faced by many employees.

One of Payactiv’s key features is earned wage access (EWA), also known as “on-demand pay.” It allows employees to access a portion of their earned wages before the regular payday. This feature is designed to help employees cover unexpected expenses or manage financial emergencies without resorting to high-interest payday loans or incurring overdraft fees.

In addition to EWA, Payactiv offers other financial management tools such as budgeting and savings tools, bill payment services, and financial education resources. The platform also integrates with existing payroll systems, making it easy for employers to implement and manage.

Payactiv aims to improve employee financial wellness, increase productivity, and reduce turnover rates by providing employees with timely access to their earned wages and promoting responsible financial practices.