U.S. Hourly Workers Push to Get Paid Sooner
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U.S. hourly workers are pushing to get paid faster as they’re pressured by the economic lockdown caused by the coronavirus, according to PayActiv, a provider of financial services to employees of companies including Walmart Inc.
PayActiv, a fintech firm backed by SoftBank Group Corp. and Todd Boehly’s Eldridge Industries, has seen a surge in new customers looking to get instant access to wages for hours already worked. It reported a 35,000 new users in segments that are expanding.