Simplifying the Crowded Gig Work Landscape

Human beings have proven themselves to be good at many different things, but at the same time, there is little we do better than growing on a consistent basis. This progressive approach, on our part, has got us to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look beyond the surface for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright unique avenues, but even after achieving such a monumental feat, technology will somehow continue producing the goods. The same has grown to become a lot more evident in recent times, and assuming a new partnership shakes out just like we envision, it will only make that trend bigger and better down the line.

NCR, an Atlanta, Georgia-based known for providing cutting-edge banking, has officially expanded its partnership with Payfare to help the latter’s clientele of gig workers in accessing self-service financial solutions for both cash in and cash out transactions. This, on a more actionable note, means that the stated cardholders will now have the chance to leverage NCR’s Allpoint+ ATM network and achieve seamless cash deposits and withdrawals. Staying on the aspect of cash withdrawal, Payfare will also use NCR Pay360, an API solution that lets you access cash in your account via Payfare’s digital banking apps, to ensure these cardholders can take their money out without ever needing a physical debit card. Interestingly enough, the deepening of ties between NCR and Payfare comes at a time when more and more US citizens are taking gig work to make an extra buck. According to the survey series “New Reality Check: The Paycheck-to-Paycheck Report — Supplemental Income Edition, almost 60% Americans are currently living paycheck-to-paycheck. Out of that, more than 29% have started accepting gig work in some shape or form, as they try and combat post-Covid economic crisis.

“The thing that jumped out to me is they’re generating over $50 billion a month from these cash-based side gigs, which is a huge amount,” said Anuj Nayar, Financial Health Officer at LendingClub, commenting on the current landscape of gig work across the country.

“The data shows that this is going to continue,” Nayar said. “Even those who are not currently deriving an additional income, when asked if they plan to in the next three months, 51% said they did. You can see that some of those people are starting to shift, and it makes sense.”

To deal with such an overwhelming traffic, the space in question needs solutions that focus on simplifying the picture, and NCR’s technological prowess promises to address the exact piece of concern.

“With the addition of Allpoint+ and NCR Pay360, gig workers across the country will be able to access cash with greater flexibility, ease and speed at convenient locations they know and trust,” stated the news release which announced the new partnership.

Founded in 1884, NCR Corporation is today a proven leader in the context of delivering enterprise level technology to sectors like banking, retail, hospitality, and more. The company’s stature can also be inferred from the fact that it is currently present across the globe, with a workforce of more than 35,000 employees.