Gig-Economy Continues To Thrive With Smart Cross-border Payments

Cross-border payment platforms play a crucial role in enabling this freelancing ecosystem, helping businesses and professionals to pay and get paid globally, as easily as they do locally.

- Soma Tah

The future of work has been changing rapidly with the entrance of millennials and Gen Z into the workforce and manifesting in their increasing tendency to treat jobs more like gigs and not some career destinations. Various study reports suggest that a growing majority (as many as 64 percent) of millennial full-time workers do side hustles. Gen Xers and Baby Boomers are also catching up fast with this trend. Working as independent professionals or freelancing has become an increasingly popular career choice for many of them as they can work on their own terms.

Digital technologies have made Remote Work accessible and accepted by an increasing number of organizations who have started embracing the growing reality of generational shift into the modern workforce. Thanks to the proliferation of freelancing marketplaces such as Upwork, Toptal, Fiverr, etc., and the availability of efficient collaboration tools, and hassle-free payment solutions companies can find remote workers and skilled talents worldwide and connect with them.

The ongoing pandemic crisis has also changed the future of work forever by making remote and on-demand workforce the new norm and opened new doors for many skilled workers. While many found their world upended with mass layoffs, furloughs, and pay cuts some of them just took a lap of faith and started as independent professionals or freelancers.

The Gig is up despite pandemic