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i2c and Payfare partner for payment solutions for on-demand drivers and truckers

Wednesday 31 January 2018 00:38 CET | News

Payfare has selected i2c’s Agile Processing payments platform to deliver prepaid solutions in the United States, Canada, and globally.

Leveraging i2c’s payments processing platform, Payfare enables transportation and ridesharing companies to pay drivers by loading their earnings onto a prepaid Mastercard.

Drivers can shop in-store or online anywhere Mastercard is accepted. They can also withdraw cash at any ATM, transfer money, and pay bills. Drivers can access their account 24/7 online or in-app via their iOS or Android device. 

The Payfare service will be available in the United States in the first quarter of 2018.

An estimated 34% of the US workforce is now part of the “gig economy”, working as short-term and freelance employees, according to a recent study by Intuit. Paying part-time workers promptly and efficiently can be a difficult problem for companies in this new economy.

i2c provides smarter payments and integrated commerce solutions for financial institutions, corporations, brands, and governments around the world.

Payfare is a financial technology company, with mobile banking and micro-lending at the core of their offering, that provides cloud-based solutions for paying on-demand work force.


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Keywords: i2c, Payfare, payments processing, payment solutions, online payments, gig economy, US
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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