Expanded partnership will provide international gig workers with instant access to their earnings, financial wellness tools and a comprehensive suite of digital banking services
REDWOOD CITY, Calif. and TORONTO, ON – November 1, 2023 – 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 or contact:
Cihan Tuncay, Head of Investor Relations and Corporate Development
1 (888) 850-2713
About i2c Inc.
An award-winning global financial technology innovator powering credit, debit, prepaid, core banking, and money movement solutions, i2c unifies banking and payments in an all-in-one platform, transforming product personalization with a customer-centric architecture and accelerating speed-to-market with composable building-block solutions. Financial institutions and fintechs globally trust i2c to help them quickly and efficiently configure and scale differentiated financial offerings in an evolving, competitive market. Powered by innovation and driven by trust for more than 24 years, i2c blends modern ingenuity with expert reliability to supercharge exceptional banking and payments experiences for millions of users and billions of transactions worldwide.
For more information, visit i2cinc.com and follow us at @i2cinc.