A naukri.com initiative
Global Fintech Series
3w
185
Image Credit: Global Fintech Series
Native Teams Launches “Gig Pay,” Automating Global Gig-Economy Compliance and Payments
- Native Teams launched Gig Pay to automate global gig-economy compliance and payments.
- The EU's Platform Work Directive introduced new regulations causing platforms to avoid fines; U.S. Labor Department's rule redefined 'independent contractor'; Latin America and Asia-Pacific enacted new mandates and support for gig workers.
- Gig Pay streamlines the process for aggregators and workers.
- Aggregators can import data, deploy compliant contracts, process earnings, and gain insights with real-time dashboards.
- Gig workers benefit from the app by consolidating earnings, making withdrawals, generating invoices, and accessing features like KYC and sick leave requests.
- After 13 months of development, Gig Pay is available in over 30 countries.
- Early adopters like Hypefy saw a 300% reduction in administrative time, scaled globally, and enhanced worker satisfaction and retention.
- The automation provided by Native Teams proved essential for Hypefy's global growth and compliance management.
- The launch of Gig Pay signifies a significant step towards automating compliance and payments in the gig economy.
- Automation is shown to reduce administrative burdens, enhance transparency, and improve worker satisfaction.
- Gig Pay's availability in multiple countries highlights its global reach and impact on gig workers and aggregators.
- The case study with Hypefy demonstrates the tangible benefits of using Gig Pay for streamlined operations and compliance management.
Read Full Article
11 Likes
For uninterrupted reading, download the app