Earned wage access — which provides early disbursement of earned, but not yet paid wages ahead of a traditional payday — is a concept that has rapidly moved to the mainstream during the coronavirus pandemic, which strained many consumers' cash flows.
However, it’s not just hourly and salaried workers that are benefiting from faster paycheck access as it’s quickly becoming the norm within the gig economy. In rideshare, food delivery and other gig jobs workers are demanding and receiving payment for services rendered when the job is complete or at the end of the day.
Host: Michael Moeser, senior analyst, PaymentsSource
Guest: Atif Siddiqi, Founder and CEO of Branch