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Deep Dive: Adapting Worker Payments To The On-Demand Era

PYMNTS

Consumers have come to expect on-demand service when they watch movies, make online purchases or hail rides, for example, but this practice contrasts with how most employees are paid. Various compensation alternatives have recently emerged that are more aligned with workers’ on-demand expectations. On-Demand Pay And The Gig Economy .

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Digital-First Economy Redefines Retail And Consumer Behavior

PYMNTS

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. The latest research shows 40 percent of surveyed shoppers report doing fewer activities in stores and more activities online — this is up from the 12 percent who reported doing so on March 6.

Economy 118
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The Rise Of The Auto-Refill Economy

PYMNTS

There are many reasons for that — and we’ve highlighted them consistently since March, in the published PYMNTS research of the pandemic-induced shopping behaviors of more than 20,000 American consumers. And that’s the rise of the auto-refill economy. General Mills reported that its U.S. Why wasn’t that number higher?

Economy 134
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From Paper To Digital To Money On Demand: Who’ll Lead The Way?

PYMNTS

Now, Edwards said, banks are at the same starting point on disbursements, but this is the opportunity to capitalize on the next big digital payments wave — from digital to instant, on-demand money, creating a modern disbursements experience. The evolution to make all payouts instant, on demand and with choice, he noted, is underway.

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Vietnam’s Digital Economy Soars with Tech Adoption and Rising Incomes

Fintech News

Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. Growth drivers boosting Vietnam’s digital economy Vietnam’s digital transformation is supported by a number of factors. points from 2022 to 2023.

Economy 92
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AutoNation And The Revving Up Of The Ownership Economy

PYMNTS

The ownership economy is going full throttle. He pointed to “solid demand and a strong pricing environment due to low interest rates and increased interest in vehicle ownership from consumers.” Higher demand and tight inventory should continue into the next year, he said. As reported Wednesday (Oct. that had been expected.

Economy 89
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How Fintech Companies Are Helping Power The Gig Economy

CB Insights

The gig economy — a labor market characterized by flexible contractor work — continues to mature, especially as more consumers turn to platforms like Uber , Lyft , Instacart , and Fiverr. The post How Fintech Companies Are Helping Power The Gig Economy appeared first on CB Insights Research. Want the full post?

Economy 69