UBS Arena is teaming up with Payactiv to give employees access to earned wages and a broader set of financial wellness tools.
The arena said the partnership will allow workers to tap into wages they have already earned, with no-fee access options available. Along with that flexibility, employees will have tools aimed at helping them handle day-to-day budgets, surprise expenses and longer-term financial goals. UBS Arena said the deal grows out of a nationwide partnership with Oak View Group, which gives the company a scalable way to deliver financial flexibility across its workforce through Payactiv’s system linking employers, payroll and financial services.
“We are pleased to provide the enhanced benefit of Payactiv to all our hardworking employees,” said Michael Sciortino, General Manager of UBS Arena. “Through this agreement, we’re giving the people that help make our business run the flexibility to access their earned wages on their terms and tools to help manage their financial goals.”
Payactiv co-founder and CEO Safwan Shah said, “Every great event is made possible by the people behind it,” said Safwan Shah, co-founder and CEO of Payactiv. “With Payactiv, UBS Arena is giving its employees more flexibility to access the money they have already earned, when they need it. We are proud to support the people who make these experiences possible.”
The partnership is also set to put a spotlight on front-line employees who help make live events happen. UBS Arena and Payactiv plan to use in-game employee recognition, annual staff appreciation events and social, digital and in-arena storytelling to highlight those workers and show how financial access fits into the modern workforce.
The Oak View Group partnership will also bring Payactiv in front of millions of fans and visitors across the company’s national venue network.
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