Platform Payments

NEW REPORT: Fiverr Finds Future Outside The Gig Bargain Bin

Searching for a different kind of lodging or the perfectly priced graphic designer to help give a startup the right look? These days, the best place to look may just be on an online platform.

The July PYMNTS Payments Powering Platforms Tracker™, powered by WePay, features a roundup of last month’s headlines on how payments are powering new businesses in industries from freelancing to financing, and everything in between.

Around the Platforms World

According to the latest research, cross-border payments are on track to reach an all-time high. And given the rosy forecast, there are several cross-border payments companies interested in taking advantage of projected growth. Over the past month alone, many cross-border payment providers looked to widen their customer bases and expand internationally.

Take Uruguay-based, cross-border payments FinTech dLocal’s announcement last month that it would integrate with the three largest digital payment platforms in China — AliPay, UnionPay and WeChat Pay. With the new partnerships, dLocal, which already has a presence in the U.S., will now enable global merchants to reach as many as 300 million Chinese consumers, according to a news release.

Meanwhile, Boston-based international payments and receivables solution Flywire recently announced a collaboration with PayPal to process payments from students and patients using the Flywire platform. The partnership would allow businesses, educational institutions and health care providers an option to expand their payment capabilities. The integration into the Flywire platform will be available in the EU, U.K., U.S. and Canada.

For a roundup of notable news from around the Payments Powering Platforms space, check out the Tracker.

Freelancing for the People

These days, it seems everyone’s got a gig — from rideshare drivers to graphic designers, the proliferation of gig economy platforms has given anyone with a talent or some time a way to earn extra cash. It’s also opened up the market for many of these services, giving entrepreneurs in need access to affordable freelance workers, for everything from logo creation to ad voiceovers, giving them more readily accessible, affordable options than ever before.

Online freelancing platform Fiverr was created to connect those entrepreneurs with freelance workers willing to work for their price. In an interview for July’s Payments Powering Platforms Tracker, David Manela, Fiverr’s chief revenue officer, told PYMNTS how the company has grown from a platform offering the completion of simple tasks for $5 to having more than 1.3 million jobs in the gig economy facilitated through its platform at prices ranging from $5 to $500.

To read this month’s Feature Story, plus the latest platform developments and trends and a directory of 57 players in the space, download the Tracker below.

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To download the July edition of the PYMNTS Payments Powering Platforms Tracker™, powered by WePay, click the button below.

About the Tracker

The PYMNTS Payments Powering Platforms Tracker™, powered by WePay, serves as a monthly framework for the space, providing coverage of the most recent news and trends, along with a provider directory highlighting the key players contributing across the segments that comprise the payments-integrated platform ecosystem.

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