2021 Impact Innovation Award in Digital Wallets: Payactiv

Report Summary

2021 Impact Innovation Award in Digital Wallets: Payactiv

Payactiv is the 2021 recipient of Aite-Novarica Group’s Impact Innovation Award in Digital Wallets for product design and the grand prize winner this year.

Thad Peterson
Strategic Advisor

Boston, September 29, 2021 Payactiv is a no-cost tool that employers can use to provide their employees with a benefit that releases them from the stress of living paycheck to paycheck. But Payactiv goes well beyond earned wage access, providing employees with most of the services of a retail bank at no cost and with no minimums. As if that weren’t enough, it also provides employees with a marketplace of discounts and offerings to help make their money go further.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by organizations that leverage technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, and/or levels of automation and effectiveness that are bringing our industry one step closer to the next generation of financial services offerings.

Clients of Aite-Novarica Group’s Retail Banking & Payments service can download this 10-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions FedEx, Walmart, Wayfair, and Wendy’s.

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