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
NCR and Payfare Team to Help Gig Workers
April 12, 2023

Payfare, a FinTech serving gig workers, has expanded its partnership with digital banking provider NCR. Under the new collaboration, NCR will offer “self-service financial solutions for Payfare’s cardholders across the United States for both cash in and cash out transactions,” the companies said in a...

Gig Economy
Consumer Pullback Threatens Paycheck-to-Paycheck Gig Economy Lifelines
March 27, 2023

Tips and informal, ad hoc work are the mainstays of the gig economy. PYMNTS’ latest report on paycheck-to-paycheck consumers, done in collaboration with LendingClub, found that, overall, consumers are boosting their household cash flow by taking in  a collective $52 billion in cash payments each month...

Gig Economy
Provider Ranking of Gig Economy Apps Shows the Ups and Downs of Gigs
March 16, 2023

All work is important, so we take the Provider Ranking of Gig Economy Apps seriously. Not overly so, but you get the idea. Let’s see what’s up in the wonderful world of gigs. The Top 5 Staying in place at No. 1 yet moving all...

Gig Economy
French Startup Brigad Raises $35M to Close Hospitality Staffing Gap
February 16, 2023

French startup Brigad has raised $35 million to expand its freelancer staffing platform. The company, which connects hospitality and healthcare workers to businesses in need, announced the funding on its website Thursday (Feb. 16), saying it would use the money to double its workforce and upgrade its platform. While...

Gig Economy
NYC Merchants Lose $12B a Year as Remote Workers Embrace eCommerce
February 13, 2023

Remote workers reportedly cost New York City more than $12 billion annually. That’s according to an analysis published Monday (Feb. 13) by Bloomberg News, which estimates that workers in Manhattan are spending 30% less time at the office, meaning they’re spending at least $12.4 billion less...

Gig Economy
EU Debates Digital Platform Rules for Gig Workers
January 24, 2023

The European Commission and the European Parliament are debating the future of digital platform work. The contested ground in question is the platform work directive, first proposed by the European Commission (EC) in 2021 to harmonize employment definitions across the EU. While platform work and the associated...

Gig Economy
IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
January 11, 2023

The new tax rules have been delayed — and nothing’s certain — so P2P will continue to be a gig economy mainstay. And amid the uncertainty, P2P may be the go-to option for tips and for odd jobs — for the smaller transactions (by value),...

Gig Economy
Jobber Says Embedded Finance Builds Cash Flow Confidence for Home Services Businesses
January 09, 2023

Home services management app and platform Jobber is enabling service providers with new digital capabilities. Speaking with PYMNTS’ Karen Webster for the J.P. Morgan Payments Global Innovators in Payments Series, Jobber Payments and FinTech Lead Ryan Robertson noted that as the pandemic remodeling boom slows,...

Gig Economy
Surge in Remote Workers Brings Opportunity for Online Retail, Grocery
December 28, 2022

The growing remote workforce presents a unique opportunity for online businesses as they boost online grocery and retail sales. A record number of consumers globally are at least partially working outside the office as of Q3 2022. Of those who reported working in the 30...