PayActiv Getting Earned Wages into the Hands of Workers Immediately PayActiv Offering Free Access to Earned Wages on Demand
The coronavirus crisis has upended daily life for millions of Americans, and over 82% of workers say that they are more worried about financial issues than their health. More than half of American workers have seen their hours reduced and, even before the crisis, 78% of workers were living paycheck to paycheck. To help provide relief during this time, PayActiv, the leading provider of employee earned wage and tip access, has waived its fees until further notice to help workers access their earned wages instantly.
More than 1,000 employers across healthcare, retail, food services, and business processing services have signed up for the PayActivplatform to manage their cash flow challenges, cut costs, and support their employees by enabling them to access their earned wages when they need them most. PayActiv has seen workers enroll in its services at a 200% increase week-over-week since the onset of the COVID-19 crisis, with much of that increase stemming from workers on the front lines of the crisis in America’s hospital systems, senior living centers, and recovery clinics.
MORE ABOUT SAFWAN SHAH:
As PayActiv’s founding CEO, Safwan is inspired every day by the transformative impact that PayActivcan brings to the lives of millions of people living paycheck to paycheck.
An engineer by training, payments expert by experience, and entrepreneur by accident, Safwan’s last job was at TSYS after the acquisition of Infonox, a payments company he founded and bootstrapped.
His previous stints include being a rocket scientist at a NASACenter where a number of his experiments were part of the space program.
Besides science and entrepreneurship, Safwan has also taught Haas School of Business, UC Berkeley, and Baskin School ofEngineering at UC Santa Cruz.
Safwan is a graduate of the distinguished Stanford ExecutiveProgram (SEP’09) and has an MS/Ph.D. from UC Boulder.
