Defined by their sporadic and one-off nature, ad hoc payments have traditionally provided a flexible solution for compensating individuals for their services, catering to the needs of both employers and workers. According to a recent PYMNTS Intelligence study, produced in collaboration with Ingo Payments, these irregular...
What started as a move toward fairer compensation has evolved into a heated debate, pitting the interests of drivers against those of gig economy giants. In New York City, for example, a landmark decision has reshaped the playing field. Following legal battles, a groundbreaking law that went...
Global mobility and urban services platform inDrive’s financing arrangement with General Catalyst has been expanded to $300 million. The company has secured an additional $150 million from General Catalyst, which joins the initial $150 million it secured in 2023, inDrive said in a Thursday (March 14) press release. InDrive will use...
The European Union (EU) is reportedly inching closer to passing legislation on the social and labor rights of millions of gig workers within online platforms. The journey to this point has not been without its compromises and controversies, Reuters reported Monday (Feb. 11). Initially proposed by...
The U.S. Chamber of Commerce has joined a lawsuit challenging the Department of Labor’s (DOL) new independent contractor rule. Filed Tuesday (March 5), the lawsuit focuses on the DOL’s new test for classifying employees and independent contractors, the Chamber said in a Tuesday press release. The new test will cause...
Uber is now offering its Pro Card to its Canadian drivers and delivery workers. The card, developed in collaboration with Mastercard and gig worker-centric FinTech Payfare, gives workers free instant payouts after every trip or delivery, the companies said in a Tuesday (March 5) news release provided to PYMNTS....
The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence on their terms, redefining the traditional notions of employment. However, achieving financial security in a flexible work environment can be...
Investment platform Robinhood is expanding its retirement offering to include gig workers. “Robinhood Retirement For Independent Workers” kicked off Wednesday (Feb. 28) in partnership with three high-profile gig economy companies: Grubhub, Gopuff and Taskrabbit. “Robinhood Retirement For Independent Workers brings us closer to our goal of giving everyone the financial tools...
The emergence of ridesharing platforms such as Uber and Lyft has not only transformed commuting habits but also reshaped the gig economy landscape, granting drivers unprecedented levels of flexibility and autonomy. However, complex gig economy pay models, unlike the straightforward fixed salaries and benefits of traditional employment, have triggered...
