What do Australia, the gig economy and Katy Perry’s upcoming album have in common? They are all tightly tied to payments — specifically, tapping into the power of faster payments. Money makes the world go ’round, and getting it to move around faster and friction-free means the world goes ’round a lot smoother in a lot more places. There are always speed bumps, of course — there are tens of millions of threat indicators out there — but the rewards are real and can be counted in a myriad of ways, including the number of new and better back-up dancers it made available by a better payments pace.
Data:
200 million: The average number of monthly visitors to izo’s music content platform
100 million: Amount of threat indicators in cyberspace
65: FIs that signed on with Australia’s New Payments Platform at launch
85 percent: Share of gig workers that would work more often if they could be paid faster
18 percent: Number of gig workers aged 45 – 54
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