The settlement gap - the delay between a payment being made and it reaching its destination, or, put simply, the inability of a platform to facilitate instant payouts is a real problem for the gig-economy. Cash-in-hand transactions are a major factor in trade services. Without the ability to digitally replicate them, gig-economy platforms do not necessarily add enough value and incentive to ensure loyalty from their users.
Read more HERE.
Saturday 20 July 2019
What is the settlement-gap?
Labels:
cash,
digital payments,
fintech,
gig economy,
payments