Gig Economy

A gig economy is a free market system in which temporary positions are common and organizations contract with independent workers for short-term engagements. The term "gig" is a slang word meaning "a job for a specified period of time" and is typically used in referring to musicians. Temporary work or temporary employment refers to an employment situation where the working arrangement is limited to a certain period of time based on the needs of the employing organization.

(source: whatis.techtarget.com)

Gig Economy
Leading Gig Apps Slip in September’s Provider Ranking
September 27, 2022

Category leaders are losing ground in PYMNTS’ latest Provider Ranking of Gig Economy Apps, as the top players see their scores fall. Meanwhile, in the lower ranks of the top 10, some players have pulled way ahead, suggesting that the category leaders may need to...

Gig Economy
FinTechs Package Financial Tools for EMEA Freelance, Gig Workers
September 22, 2022

For its latest banking offering, Revolut recently launched Revolut Pro, a dedicated income, payment and expense management account for freelancers, sole traders, contractors and self-employed individuals looking to manage their business funds. Alongside the recently-launched Revolut Reader, a lightweight point of sale (POS) terminal suitable...

Gig Economy
PayTabs Brings Instant Payments to GCC’s Gig Economy
September 20, 2022

Omnichannel payment solutions company PayTabs is bringing instant payments to entrepreneurs, freelancers and people working in the gig economy across the Gulf Cooperation Council (GCC). PayTabs’ Paymes platform will bring fast payments over social media to freelancers, artisans, consultants, micro-vendors and others who sell their...

Gig Economy
Growing Competition for ‘1099 Talent’ Puts Premium on Faster Contractor Payments
August 29, 2022

With gig economy workers becoming increasingly hard to find, payments surety, transparency and speed are potent forces that can keep a company’s 1099 workers happy — and onboard. However, many companies relying more on gig workers lack the internal systems or interdepartmental coordination to make...

Gig Economy
PettyGigs Partners with Atomic to Give Teens Flex Jobs, Savings
August 23, 2022

Gig economy tool for young adults and teens PettyGigs is partnering with white-labeled wealth management and brokerage firm Atomic to launch a single solution for earnings, savings and investing. “After fleeing the civil war in Liberia to attend college in the US, we lacked flexibility....

Gig Economy
Nigeria’s Underbanked Gig Workers Flock to One-Stop-Shop Financial Platforms
July 29, 2022

It’s been over a decade since Uber first launched its ride-hailing app in San Francisco, and in the years since, the notion of the gig economy has come to define a platform-based freelance employment model that takes Uber as its archetype. But gig work has...

Gig Economy
Airbnb Launches Historical Homes Category in Europe
July 07, 2022

Airbnb is debuting a new feature, called Historical Homes, to capitalize on the demand for heritage-related travel and make it easier for guests to find older places to stay, the company announced Thursday (July 7). This comes as bookings for historical homes in the U.K.,...

Gig Economy
Grubhub Offers Drivers Instant Wages After Partnering With PayPal, Visa
June 14, 2022

Food delivery platform Grubhub is giving drivers instant access to their wages following a partnership with PayPal and Visa, according to a press release emailed to PYMNTS on Tuesday (June 14).  Instant Cashout via Direct to Debit is enabled by Hyperwallet from Paypal and Visa...

Gig Economy
Amazon to End Flex Delivery Service in Germany
June 07, 2022

Amazon is ending its Flex gig economy delivery services in Germany, though the eCommerce giant has not given any reason for the closure, Bloomberg reported Tuesday (June 7). Flex began in the U.S. in 2015 and expanded to Germany in 2017. The service pays drivers...