How cross-border payments fintechs like DeeMoney are empowering the gig economy

Press Release

Even before COVID-19 changed the world of work forever, there was a trend towards a greater reliance on freelancers. In fact, they now make up 35 per cent of the global workforce – that’s about 1.1 billion people. Unsurprisingly, that number has been skyrocketing during the pandemic, with a growth of 24% recorded in just a single quarter at the height of the lockdowns.

The benefits of freelancing are equally beneficial to both the company and the employee. During 2020, 75% of freelancers reported that their wages had remained stable that year – something that a lot of full-time employees would struggle to claim during the same period. Under the best of bad circumstances, full-timers can be furloughed or have their salaries cut. At worst, they could be made redundant, with the process of finding a new position being a slow and difficult one. By contrast, a…