Digital Payments Digital Wallet News

Payactiv Wins 2021 Digital Wallet Innovation Award

Payactiv Wins 2021 Digital Wallet Innovation Award

Winners are selected by a global panel of independent experts on digital payments and wallets

Payactiv, Inc, a certified B Corp and the leader in Earned Wage Access (EWA), has won the 2021 Digital Wallet Impact Innovation Award presented by Aite-Novarica Group in partnership with the Mobile Payment Conference and sponsored by Cybersource, a Visa solution. Payactiv won in the category of Product Design.

Read More: Delivery Drivers, Inc. Offers New Same-Day Payment Platform

Key Facts

  • Payactiv won Aite-Novarica Group’s 2021 Digital Wallet Impact Innovation Award for Product Design. The award will be delivered August 18, 2021 during the 2021 Mobile Payment Conference.
  • Payactiv is a one-stop solution to save, spend, plan, and budget. Instead of having to use multiple apps – which can be expensive and clunky – Payactiv combines EWA, linking your bank account, getting the Payactiv Visa Card*, and exclusive discounts all in one app. Payactiv is a mission-driven B Corp focused on bringing financial empowerment to over 100 million Americans looking for financial stability.

Quote

  • Payactiv co-founder and CTO Sohail Aslam said: “The Payactiv app is our response to the pressing needs of millions of Americans. We are honored to be recognized for our product design innovation.”

Read More: CIT Provides $28.2 Million in Financing for California Apartment Complex Development

The Big Picture

  • Payactiv invented EWA, a payment service that enables workers to get paid as they earn. The Payactiv App also includes: up to 2-day early pay¹ with direct deposit, integrated bill pay, instant P2P funds transfer, and a dynamic tool for workforce communication.
  • The Payactiv Visa Card* meets the highest standards of security and usability with sought-after features like money loads, virtual cards, Tap-to-Pay with NFC, compatibility with Apple and Google Wallets, cash pickup at Walmart, and access to over 37,000 surcharge-free MoneyPass® ATMs.
  • In 2021, Payactiv won two American Business Awards for Company of the Year in Financial Services and Best Corporate Social Responsibility Program, the B Corp Best for the World™ for positive social impact, and was a 2021 Webby Award finalist for the short animated film, “We Heard You” – which is a tribute to the humanity of all workers.

Read More: Epazz’s ZenaPay Bitcoin Wallet Makes Bitcoin Credit & Debit Card Payments Easier For Merchants Worldwide

Related posts

Wipro Ventures Invests in vFunction

Fintech News Desk

BankMobile Technologies, a Subsidiary of Customers Bank, and Megalith Financial Acquisition Corp. Agree to Combine to Bring a Digital Banking Platform to the Public Market under the New Name BM Technologies

Fintech News Desk

Cashfree Payments Partners with PharmEasy to Facilitate Convenient Payment Settlements to its Retail Partners

Fintech News Desk
1