Rapyd transforms global payments for the growing gig economy The rise of the gig economy has led to a radical transformation in the workforce structure, empowering millions of workers to leverage their skills remotely. This global phenomenon presents unique challenges,…
The Big Gig Continues to Grow In 2021 the gig economy industry was a $355 billion business. It’s expected to balloon to $873 billion by 2028. Besides monumental growth, what gig economy trends can we expect to see from gig…
From underdog to IPO, Southeast Asian super app Grab shows us how a hyper-local go-to-market strategy helped them beat Uber. In 2011, Anthony Tang and Tan Hooi Ling took a $25K Harvard Business Plan award for their ride-hailing business idea…
Instant Payout Solutions for Marketplaces and the Gig Economy In a business climate where workers, sellers and contracts aren’t always local, figuring out the best way to make payouts isn’t easy. For businesses working in the gig economy and marketplaces,…
With More Business Taking Place Remote and Online, Your Ability to Send Payouts Is Just as Important as Your Ability to Accept Payments Today, many accounts payable departments rely on outdated systems and processes to make cross border payouts. By…
Platforms that Don’t Offer Real-Time Payments are at Risk of Losing their Sellers and Gig-Workers. Globally, 85% percent of gig economy workers would work more often if they could get paid faster, according to a recent analysis by PYMNTS.com.1 Gig…
This is the second in a series on the impact of COVID-19 on the digital economy. For more, please read Defying the COVID Economy: These Industries Thrive During the Economic Downturn The economic damage caused by the COVID-19 pandemic has…
The COVID-19 pandemic has disrupted the global economy in startling ways. In the U.S. alone, nearly 17 million new people filed for unemployment in a three week period, and first-time claims have gone up 3,000% since early March. As a…
We are entering the fourth industrial revolution1: artificial intelligence, robotics, and connected societies are powering new businesses that leverage the broader opportunities of the diverse, global workforce. Platform, marketplace, and gig-economy business models are taking advantage of workers and supply…
The spread of the Coronavirus (COVID-19) has caused the World Health Organization to increase its risk impact alert from “high” to “very high.” This should serve as a reality check for businesses to get ready. According to Reuters, the brakes…
Gig economy platforms like TaskRabbit and Lyft have made an explosive impact on the US labor market, but financial fragmentation challenges in overseas markets pose a threat to any ambitions they might have for international expansion. As the North American…