SAN JOSE, CA , July 14, 2022 /PRNewswire/ — Payactiv, Inc.certified B Corp and a leading provider of financial empowerment services for workers, has been named a “Best for the World™” B Corp in recognition of its exemplary service in providing financial security and dignity to millions facing financial stress.
“The best for the world”: what it means
Payactiv ranks in the top 5% of thousands of Certified B Corporations worldwide for its positive impact on customers and promotion of sustainable business practices.
B Lab recognizes the top 5% of B Corps each year for their community, customer, environmental and governance impact. This will be the second year in a row that Payactiv has been placed in this category as a B Corp. As a Public Benefit Corporation and Certified B-Corp supporting more than 1,700 businesses and more than 1 million users, Payactiv proves that it is possible and essential for businesses to serve a worthwhile cause while making a profit.
Payactiv works with businesses of all sizes to bring security, dignity and savings to millions of workers. He created Access to earned salary (EWA) to pay on demand and offers a financial wellness app that anyone can download for free.
“There’s one word in the title of the award, Best for the World, that I really like, and that’s it ‘for’. There is no ‘Best’ from World.” he said Safwan ShahCEO and co-founder of Payactiv.
“I feel very humbled to have earned this badge of honor two years in a row, and I am very proud of what we have accomplished so far for American workers. This reinforces our mission and unwavering commitment to do more and [to do] better.” Shah added.
Payactiv’s mission has always been to help workers across the country meet their livelihood needs. This latest admission from B Lab comes shortly after Payactiv announced the spin-off EWA fees, making several delivery options completely free. This is part of Payactiv’s ongoing response to the increasingly challenging economic climate that millions of Americans face every day and the growing need to better control their finances.
B Lab is transforming the global economy for the benefit of all people, communities and the planet. A leader in economic systems change, our global network creates standards, policies, tools and programs for businesses, and we certify companies – known as B Corps – that lead the way. To date, our community includes more than 400,000 workers 5000 B Corps in 80 countries and 155 industries and more than 200,000 companies manage their impact with B Impact Assessment and SDG Action Manager. B Lab has created and led efforts to adopt more than 50 corporate charters worldwide that enable stakeholder management, with more than 10,000 companies using the legal framework. To learn more and join the movement, visit www.bcorporation.net.
Payactiv, a public benefit company and certified B-Corp, is a financial wellness platform that gives employees on-demand access to earned but unpaid wages. Companies that work with Payactiv see significant cost reductions through increased recruitment, engagement and retention.
Payactiv offers a suite of financial services that includes tools for saving and budgeting, paying bills and managing financial health, as well as the recently launched “Good Cents,” a podcast for users with free financial education content.
Payactiv is also the winner of “Best Innovative or Emerging Technology Solution” at the 2022 HR Tech Awards, a Silver Stevie® Award for our “Versatile Digital Wallet and Livelihood Platform” and “Best Wellness Program” at the California Excellence HR Awards.
More about it at www.payactiv.com.
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