# Payactiv

> Payactiv is an employer-connected financial technology company that lets workers access verified wages before payday, then use tools for payments, savings and budgeting. Its argument is that the timing of a paycheck can be costly even when the wage itself does not change.

- **Founded:** 2012
- **Headquarters:** Milpitas, United States
- **Founders:** Safwan Shah (Founder and CEO), Sohail Aslam (Co-founder and CTO), Ijaz Anwar (Co-founder and COO)
- **Products:** Earned Wage Access, Payactiv Visa Card and digital wallet, SmartSave and goal-based savings, Bill Pay, Payactiv Connect
- **Notable:** First Payactiv EWA transaction occurred at Jersey Precast Construction in New Jersey in September 2013, according to the company., Walmart rollout made EWA available to 1.4 million U.S. associates in 2017., Certified B Corp since 2015, according to Payactiv.

## Products & services

- **Earned Wage Access** — Employer-integrated access to a portion of verified earned but unpaid wages; Payactiv fronts funds and is reimbursed through payroll deduction.
- **Payactiv Visa Card and digital wallet** — A prepaid Visa card and app for wage disbursement, direct deposit, payments and spending insights.
- **SmartSave and goal-based savings** — Guidance and set-aside goals linked to the app and card.
- **Bill Pay** — In-app bill scheduling and payment.
- **Payactiv Connect** — Employee communications and optional shift scheduling for distributed workforces.
- **Access-as-a-Service** — APIs for partners to embed branded EWA and related financial services.
- **Visa+ disbursements** — Real-time wage transfers to participating Venmo and PayPal accounts using Visa+ paynames.

## Achievements

- First Payactiv EWA transaction occurred at Jersey Precast Construction in New Jersey in September 2013, according to the company.
- Walmart rollout made EWA available to 1.4 million U.S. associates in 2017.
- Certified B Corp since 2015, according to Payactiv.
- Company reported serving more than four million employees at more than 1,000 businesses in 2020.
- 2026 TITAN Business Awards Gold Award in FinTech and Digital Payments, according to Payactiv’s press listing.

## Latest updates

- **2026-05** — Payactiv announced a Gold award at the 2026 TITAN Business Awards for FinTech and Digital Payments.
- **2026-03** — Payactiv announced EWA provider licenses in Connecticut and Indiana.
- **2025-12** — Its EWA solution became available on SAP Store for SAP SuccessFactors customers.
- **2025-07** — Payactiv joined the Workday partner program.
- **2025-04** — Launched Visa+ disbursements to Venmo and PayPal.

## Links

- Website: https://payactiv.com/
- LinkedIn: https://www.linkedin.com/company/payactiv-inc-
- Twitter/X: https://twitter.com/PayActiv
- YouTube: https://www.youtube.com/@Payactiv
- Instagram: https://www.instagram.com/payactiv/
- Facebook: https://www.facebook.com/payactiv/

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Profile page: https://yespress.io/payactiv
Published by YesPress — https://yespress.io
Last updated: 2026-09-29