Mobile Applications

Gig Apps Space Heating Up As Vaccine Rumors Swirl

The PYMNTS Gig Economy Index has found that while 84 percent of gig workers would do more work if they were paid faster, 17 percent of gig workers lost up to 20 percent of their income to payment mechanisms. That’s changing with gig workers more in the driver’s seat, literally and figuratively, as evidenced by PYMNTS’ latest Provider Ranking of Gig Apps.

There aren’t many changes to this latest Ranking, granted. But the few shifts are noteworthy, and hint at greater maneuverings underlying the rapidly evolving gig economy.

The Top Five

No change at the top with DoorDash retaining the No. 1 position, Uber Driver in hot pursuit at No. 2 and grocery gig app Instacart holding steady at No. 3 for another month.

Online freelance marketplace Fiverr is where we left it at No. 4 in the previous Gig App ranking, but a notable change is Amazon Flex rising two spots to land at No. 5 this go around.

The Top 10

Speaking of gigs, aptly named app Freelancer is looking good at No. 6 again, while No. 7 was a surprise, with ridesharing brand Lyft rising two spots. News of an impending vaccine has some feeling bullish on the ride-hailing sector again, it seems.

Global freelancing platform Upwork drops three spots to No. 8, staying in the Top 10 as its gross services volume (GSV) surged 23 percent year over year to $654.5 million. Mobile labor app TaskRabbit enters the Top 10 at No. 9 in this Provider Ranking of Gig Apps, with the Grubhub gig worker app taking the No. 10 spot, closing out another gig app ranking.

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About: From the online betting sector where one’s physical location at the time of wager is a matter of state law, to banks complying with stringent international Know Your Customer (KYC) regulations, geolocation services are proving a powerful weapon against fraudsters. Curiously, however, new PYMNTS research shows that consumers are more willing to share location data with food-ordering apps than with their own bank’s mobile app. Be part of the discussion as PYMNTS CEO Karen Webster and experts from the geo-data sector talk about the revolution in geolocation data usage, and why banks must take part.

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