The Gig Economy Is Driving New Payment Solutions

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Mercator Advisory Group’s latest research note shows that the need for businesses to pay hundreds of contingent workers has created the need for mass pay providers.

One of the 3 exhibits included in this research note

The capabilities of mass pay providers solve payment issues for different markets. The primary driver is growth & globalization of what is referred to as the “gig economy” in which contingent or freelance workers are compensated by multiple companies.

Mercator Advisory Group’s latest research note, The Emergence of Mass Pay Solutions, analyzes a new payment segment in the business-to-consumer (B2C) marketplace that is driven by the need to pay multiple individuals simply, in multiple currencies without knowledge of their financial account details. Mass pay solutions are also used by businesses for paying incentives and rewards to employees and consumers.

“The capabilities of mass pay providers solve payment issues for several different markets, but the primary driver is the growth and globalization of what is referred to as the “gig economy” in which or contingent or freelance workers are compensated by multiple companies,” comments Sarah Grotta, Director, Debit Advisory Service at Mercator Advisory Group and author of the research note.

Highlights of this research note include:

  • Mass pay benefits and the issues it solves for businesses
  • Estimating the addressable market
  • Indicators suggesting a broad and growing need for this payment type
  • Review of a selection of U.S.-based providers of mass pay platforms and solutions

This research note has 11 pages and 3 exhibits.

Companies mentioned in this research note include: Airbnb, Amazon, Blackhawk Network, Dwolla, Etsy, Google, Handy, HyperWallet, iStock, Lyft, MasterCard, Payoneer, PayPal, Task Rabbit, Tipalti, Uber, and Visa.

Members of Mercator Advisory Group’s Debit Advisory Service have access to these reports as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.

For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700, send email to media(at)mercatoradvisorygroup(dot)com.

For free industry news, opinions, research, company information and more visit us at http://www.PaymentsJournal.com.

Follow us on Twitter @ http://twitter.com/MercatorAdvisor.

About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

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Karen Yetter
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