Payfare, a FinTech that provides acquittal and cyberbanking casework for gig workers, has launched a accord with Visa to add Visa SavingsEdge to its platform.
The Toronto aggregation appear the activity on Wednesday (Sept. 22), adage that it would activate with the civic DoorDash DasherDirect agenda program.
Read more: DoorDash Partners With Payfare to Launch Cyberbanking Solution for Drivers
With Visa SavingsEdge, gig workers who are additionally Visa business cardholders can save on purchases with accommodating merchants, with discounts on things like fuel, auto parts, biking and dining from local, bounded and civic vendors.
“Our ambition is for every artisan in the all-around gig abridgement to become an empowered administrator with cyberbanking security,” said Marco Margiotta, CEO and founding accomplice of Payfare. “With the accession of Visa SavingsEdge, we are arming gig workers with addition cyberbanking apparatus to advice them save and accumulate added of their hard-earned money, while acknowledging the all-embracing cyberbanking bloom of the growing gig workforce.”
“Visa SavingsEdge will accord gig workers the adeptness to booty advantage of accumulation that are about aloof for ample businesses,” said Dahvie James, advance artefact administrator for Visa SavingsEdge. “We apperceive a ample allocation of the workforce already participates in the gig economy, and that the allotment is alone growing. As we attending against enabling the cyberbanking bloom of these workers, we are captivated to accomplice with Payfare to accomplish Visa SavingsEdge accessible to them.”
Read more: Gig Workforce Payments Belvedere Payfare Opens Trading at $6
Payfare went accessible beforehand this year with a $65.4 actor antecedent accessible offering.
Payfare and DoorDash launched the DasherDirect affairs in December 2020. The agenda is issued by Stride Bank and is powered by Payfare. The belvedere offers drivers a adaptable cyberbanking app and a business Prepaid Visa Card, as able-bodied as new rewards. DoorDash workers can additionally accept to accept antithesis automatically added to the agenda every day at aught cost. Users can additionally use the belvedere to analysis their balance, pay bills, alteration money and set accumulation goals.
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