Cross-Border Payments Adapt to the Gig Economy
Global Finance Magazine
"The World Bank estimates that there are between 154 million and 435 million gig workers worldwide, a workforce that is helping reshape the estimated $191 trillion cross-border payments market. Financial institutions are looking to tap into the gig economy’s high-volume, low-value cross-border payments for freelancer payments, remittances, and small-business transactions. The market is projected to grow nearly threefold, from $674.1 billion to between $2.18 trillion and $2.52 trillion, over the next 8 to 9 years."
