Gig Economy news and trends

Embedded Finance Finds New Use Cases From Gig Economy to Nonprofits
Payments Innovation // October 25, 2024

As we head into the fourth quarter of arguably the most innovative year in payments since the pandemic, the liberation of capital is emerging as the story of the year. Money movement is becoming intuitive and friction-free, a part of what happens in the background...

Supreme Court Won’t Hear Uber and Lyft Gig Worker Appeal
Gig Economy // October 07, 2024

Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers. The high court declined to weigh in...

Payfare Withdraws Financial Guidance as DoorDash Partnership Winds Down
Partnerships // September 27, 2024

Earned wage access (EWA) company Payfare said Thursday (Sept. 26) that it is withdrawing its previously issued 2024 financial guidance for revenue and earnings after learning that its core services agreement with DoorDash will not be renewed. The companies are establishing a transition plan to begin in...

Instant Payroll Could Cut Costly Employee Turnover
Money Mobility // September 24, 2024

Workers are growing increasingly frustrated with the slow pace of traditional payroll and outdated biweekly pay periods, especially in today’s economic climate, where many live paycheck to paycheck. For gig workers, freelancers and contractors, the wait for payment is even worse, as they often wait...

Interviews & Exclusives
Embedded Finance Finds New Use Cases From Gig Economy to Nonprofits

October 25, 2024
As we head into the fourth quarter of arguably the most innovative year in payments since the pandemic, the liberation of capital is emerging as the story of the year. Money movement is becoming intuitive and friction-free, a part of what happens in the background of all sorts of commerce. Ingo Payments Chief Innovation Officer […]

Circle of Trust: How Digital Identities Can Secure the Gig Economy Against Fraud

September 05, 2024
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming...

Consumers Are Fed Up With Tipping and Take to Social Media to Prove It

June 03, 2024
Social media offers a running commentary on consumer sentiment and serves as a barometer of backlash. It may be the case that tiplflation is pushing individuals to scale back on...

Gig Economy: Digital Platforms and Instant Payments Open New Roads to Financial Security

March 01, 2024
The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence on their terms, redefining the...

Quick Reads
Supreme Court Won’t Hear Uber and Lyft Gig Worker Appeal

October 07, 2024
Uber and Lyft have lost a chance to have an appeal heard by the Supreme Court. The case involves lawsuits brought against the companies by the state of California, which claimed Uber and Lyft had misclassified their workers. The high court declined to weigh in on the case, without offering comment, Politico reported Monday (Oct. […]

Payfare Withdraws Financial Guidance as DoorDash Partnership Winds Down

September 27, 2024
Earned wage access (EWA) company Payfare said Thursday (Sept. 26) that it is withdrawing its previously issued 2024 financial guidance for revenue and earnings after learning that its core services agreement...

Jump Raises $12.2 Million to Grow Platform for French Freelancers

September 23, 2024
Jump has raised 11 million euros (about $12.2 million) to grow its platform that provides French freelancers with some of the benefits associated with traditional jobs. These benefits include French...

Lyft Lets Commuters Cap Prices With New Subscription

September 04, 2024
Lyft has debuted a new feature designed to help commuters stay within budget. “To make your day more predictable, we’re launching price lock, a new subscription that caps the price...