PayPal reported third-quarter results Wednesday that showed continued growth in peer-to-peer (P2P) transactions and customer engagement — and the firm passed a monthly billion-transaction milestone. In terms of headline numbers, the company’s adjusted earnings per share came in at 61 cents, topping the 52 cents...
PayPal’s Hyperwallet is facilitating payments to Lime’s scooter “juicer” force — offering a range of payout options globally. Brent Warrington, Hyperwallet's general manager, tells Karen Webster why paying freelancers to charge scooters — in the ways they want — shows why the gig economy, aided...
The Gig Economy Index, a Hyperwallet collaboration, delves into the demographics and behaviors of workers in the gig economy — who they are, what services they supply and what percentage of their overall income the gigs represent.
With U.S. gig workers accounting for more than $1.4 trillion in income by the end of 2018, it’s safe to say the gig economy is becoming a mainstream part of the global economy. From ridesharing drivers to freelance designers and consultants, an increasing share of...
February 04, 2019
On Friday (Feb. 1), the government reported job numbers that blew away expectations. Data from the BLS and ADP, triangulated against the PYMNTS/Hyperwallet Gig Economy Index, showed that as full-time jobs are gaining ground, so is the gig economy, and across several of the same sectors. We break down some of the numbers.
January 24, 2019
When looking at the latest edition of the PYMNTS and Hyperwallet Gig Economy Index, there are some familiar trends. According to the data, 35.9 percent of workers participate in the...
August 28, 2018
Gig workers are increasingly embracing ad hoc project work by choice — not because due to need. Hyperwallet's Michael Ting goes behind the numbers in the latest Gig Economy Index...
August 03, 2018
No more plastic. And no more relying solely on virtual cards. Companies need transparency when it comes to booking and paying for road warriors’ trips. Hyperwallet MD Bill Crowley weighs...
September 10, 2020
As the pandemic fuels digital payments, Visa and PayPal have expanded ways for small to medium-sized businesses (SMBs) and consumers to move money quickly, according to a press release emailed to PYMNTS. The global partnership will boost sending or receiving funds through PayPal, Venmo or Xoom. The collaboration extends PayPal’s Instant Transfer service which uses […]
October 23, 2019
PayPal reported third-quarter results Wednesday that showed continued growth in peer-to-peer (P2P) transactions and customer engagement — and the firm passed a monthly billion-transaction milestone. In terms of headline numbers,...
August 28, 2018
Gig workers — and the gig economy itself — are becoming an ever-more integral piece of the workaday landscape. Taking on project-based work? No longer a side hustle where the...
August 22, 2018
Not long ago, direct sales companies — like beauty supplier Avon and health & beauty firm Amway — offered independent agents the opportunity to earn money selling their products door to door....
