NEW YORK — Wal-Mart is providing workers with an app aimed at helping them budget their money and get paid before payday.
The retailer said Wednesday that it teamed up with financial technology startup Even and PayActiv to provide an app to 1.4 million Wal-Mart workers.
The Even app automatically plans ahead for bills, savings goals and will show workers how much they can safely spend. It will also allow workers to access cash before a scheduled payday up to eight times a year for free.
Wal-Mart said it will cover the costs for Even for both full and part-time workers at Wal-Mart, Sam’s Club and its e-commerce sites. Users will have to pay a fee if they want to get paid earlier more than eight times a year.
