i2c Expands Partnership with Payfare to Provide Faster Payouts for Gig Workers in Canada and the UK
i2c Inc., a leading provider of banking and payments solutions, today announced that it is expanding its partnership with Payfare (TSX: PAY, OTCQX: PYFRF), a global financial technology company powering digital banking and instant payout solutions for the gig economy. The partnership extension will support Payfare's growth into new markets, including Canada and the United Kingdom.
Payfare has been leveraging i2c's payment platform to facilitate instant, zero-cost access to earnings for gig workers through its leading neobanking products including Dasher Direct and Lyft Direct. This full-service digital banking partnership, enables on-demand economy platforms to payout gig worker earnings to their Powered by Payfare cards after every task. It also benefits from cash-back rewards on everyday purchases, and free mobile banking.
"We are expanding our partnership with Payfare to continue providing gig workers with the financial tools and services they need to have more control and access to their earnings instantly," said Amir Wain, founder & CEO of i2c Inc. "Our building block technology was designed to help companies reimagine traditional payment ecosystems, and Payfare is a prime example of this spirit in action. We look forward to working together to expand financial access and create new standards of speed, security, and reliability in the financial services industry."
"i2c's global footprint and comprehensive processing platform is supporting Payfare’s market expansion with new client programs," said Marco Margiotta, CEO and Founding Partner at Payfare. "Their agile and scalable platform will enable us to continue expanding our reach to provide gig workers worldwide with the financial access and empowerment they deserve."
About Payfare (TSX:PAY, OTCQX: PYFRF)
Payfare is a global financial technology company powering digital banking and instant payment solutions for today’s gig workforce. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce.
For further information please visit www.payfare.com.
About i2c Inc.
i2c is a global provider of highly configurable banking and payment solutions. Using proprietary "building block" technology, our clients can easily, quickly and cost-effectively create, launch and manage a comprehensive set of solutions for banking, credit, debit, and prepaid programs. i2c delivers unparalleled flexibility, agility, security, and reliability from a global, unified banking and payments platform. Founded in 2001 and headquartered in Silicon Valley, its next-generation technology supports millions of users in more than 200 countries/ territories and across all time zones.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SwissAI Optimizes Charging Infrastructure Across Continents29.11.2023 10:26:00 CET | Press release
Mercedes-Benz Mobility AG has chosen SwissAI as an AI provider for network planning & site selection to create their first network. SwissAI provides its automotive partner with a cutting-edge AI-based analysis and forecasting SaaS platform - AIOME. The software accelerates location selection and charging infrastructure deployment plans, while increasing profitability for both our automotive partner and its valued customers. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231128632464/en/ SwissAI’s AIOME platform factors in drivers’ behaviors as they move from place to place in their day to day lives. Based on future demand, the platform selects charger locations that offer maximum comfort and convenience, including long-distance travel demand. (Graphic: Business Wire) This exciting partnership supports the development of a global high-power charging network. By the end of the decade, Mercedes-Benz Mobility AG plans to build a
V-Nova completes the acquisition of Parallaxter Srl, the company behind the PresenZ XR technology29.11.2023 10:00:00 CET | Press release
V-Nova, a leading provider of data compression solutions, announces the full acquisition of Parallaxter Srl, completing its prior investments in the company and incorporating it into the V-Nova group. Parallaxter are the XR experts behind the PresenZ technology and this acquisition will greatly expand V-Nova’s portfolio of IP and technologies in VR/XR and gaming, as well as further strengthen its position in the data and video compression industry. V-Nova PresenZ, a Lumiere Award winning format that combines Parallaxter's PresenZ technology and V-Nova's point-cloud compression, is set to revolutionize storytelling in VR. It offers users cinematic photorealism and 6DoF for real-time navigation in pre-rendered scenes, breaking free from static viewpoints and ensuring full immersiveness. V-Nova PresenZ is distributed at scale also to stand-alone XR devices thanks to MPEG-5 LCEVC enhanced pixel streaming. The format dovetails with standard Computer Graphics and Special FX production workfl
PUMA RE:SUEDE Pilot Project Turns Experimental Sneakers Into Compost29.11.2023 09:29:00 CET | Press release
Sports company PUMA showed that it can successfully turn an experimental version of its classic SUEDE sneaker into compost under certain tailor-made industrial conditions, as it announced the results of its two-year-long RE:SUEDE experiment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129456533/en/ Sports company PUMA showed that it can successfully turn an experimental version of its classic SUEDE sneaker into compost under certain tailor-made industrial conditions, as it announced the results of its two year-long RE:SUEDE experiment. (Photo: Business Wire) In 2021, PUMA created 500 pairs of the experimental RE:SUEDE, using Zeology tanned suede, a TPE outsole and hemp fibres. The RE:SUEDEs were worn for half a year by volunteers in Germany to test the comfort and durability of the shoes before PUMA sent them to a specially equipped industrial composting area operated by its partner Ortessa Group in the Netherlands. A
Matmut Selects Earnix to Deliver Comprehensive Modeling, Pricing, and Rating Engine29.11.2023 09:00:00 CET | Press release
Earnix, the global provider of AI-based SaaS solutions for insurers and banks, today announced that Matmut, a major mutual insurer in France, has chosen, and is now working with, Earnix as its partner. Matmut is one of France's leading property and casualty insurers, offering a range of personal and commercial insurance products. Earnix solutions address Matmut's business and IT needs by integrating easily into its tech stack, enabling rapid pricing adjustments. With Earnix, Matmut can seamlessly integrate machine learning models as part of its pricing strategy. This enables Matmut to not only build, test, and deploy rates into the market with ease, but also benefit from automation, governance, and auditability. Emeric Bellanger, Technical Director of Claims and Pricing at Matmut said, “This partnership empowers our pricing team to provide top leaders with recommended pricing changes based on simulation and the ability to implement these changes more easily." Earnix solutions enable ne
Global Healthcare Leaders Advance Sector Decarbonisation Ahead of COP2829.11.2023 08:00:00 CET | Press release
To accelerate the transition to net zero health systems, global healthcare leaders from the Sustainable Markets Initiative Health Systems Task Force are in advanced discussions with energy providers in China and India to scale renewable power across their supply chains. This is the first time that companies from across the global healthcare sector – including AstraZeneca, GSK, Novo Nordisk, Roche – have come together to pioneer such initiatives in these countries. China and India are key markets for pharmaceuticals manufacturing, estimated to account for up to 50% of materials for medicines.i This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231123104876/en/ Air pollution over Shanghai illustrating the climate health crisis. (Photo: Business Wire) In China, the power agreements would unlock renewable energy in Jiangsu, Guangdong, Shanghai and Beijing. The agreements are set to bring around 70 megawatts (MW) of renewable power a