As economic pressures prompt consumers to rethink their spending, diners are becoming more stingy with tips. Research from PYMNTS’ study “Connected Dining: Inflationary Pressure Squeezes Restaurant Tips,” which draws from a survey of more than 2,200 U.S. consumers, finds that 39% of consumers have been tipping...
Restaurants that survived the pandemic now face cost inflation and labor shortages. Technology can help, as Kickfin Co-CEO Brian Hassan explains the impact of digital tipping with instant payouts on helping eateries attract and retain employees.
The restaurant industry has had a rough go of it since COVID-19 hit. Due to pandemic-driven restrictions on in-person dining and related health concerns, restaurants had to rapidly adopt digital channels and hybrid dining experiences to operate. Then, when pandemic restrictions receded, restaurants found themselves...
As sectors like hospitality and dining struggle with labor shortages, tipping offers a retention solution. In a conversation with PYMNTS, Brian Hassan, co-CEO of instant cashless tip payouts platform Kickfin, said a lot of press is dedicated to navigating the digital tipping culture that has...
March 08, 2023
The restaurant industry has had a rough go of it since COVID-19 hit. Due to pandemic-driven restrictions on in-person dining and related health concerns, restaurants had to rapidly adopt digital channels and hybrid dining experiences to operate. Then, when pandemic restrictions receded, restaurants found themselves in another crisis fueled by high inflation, supply chain issues […]
January 23, 2023
As sectors like hospitality and dining struggle with labor shortages, tipping offers a retention solution. In a conversation with PYMNTS, Brian Hassan, co-CEO of instant cashless tip payouts platform Kickfin,...
August 30, 2022
Tipping can account for as much as 60% of a restaurant worker’s wages, so how and when those funds find their way into the worker’s hands can have a seismic...
October 26, 2020
At a time when no one wants to say that COVID-19 has been good for business, more and more executives in the digital arena are willing to at least say that the...
May 12, 2022
Tip disbursement enabler Kickfin announced Thursday (May 12) that it is partnering with Visa to allow service industry employers to send cashless tip payouts to employees’ bank accounts. The partnership will put together the combined tech of Kickfin and the Visa Direct2 real-time money movement network. Kickfin is available for use by brands in full-service, […]
