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Mastercard Offers Real-Time Payments To Support Gig Workers


Mastercard has announced a service to help people in the gig economy who have to tie together income from a variety of jobs, contracts and part-time gigs like dog walking. In an alliance with Evolve Bank & Trust, Mastercard said it is using Mastercard Send, the company’s push payment solution, to enable pay advances, which is expected to have greater appeal to people working without traditional paychecks.

They will support companies such as Branch which provides savings tools and also interest-free pay advances to employees at participating companies. With Mastercard Send, Branch can push funds in near real time to U.S. debit cards.