ABN AMRO and Charly Cares are launching a pilot to provide babysitters instant access to their earnings directly after they finished their job.
This new service is a first-of-its-kind financial service in the Netherlands. It provides gig workers and their platforms with instant access to earnings for services delivered.
It does so by leveraging the ABN AMRO payment technology that allows instant transfer of funds to any bank account.The onboarding process is fast and easy, enabling instant payments. At a later stage, services like automated tax-returns, financing and insurance will be added, making it even more attractive for users.
“If a gig-worker is not paid instantly, they may not be so motivated to do the job”, says Edwin van Bommel, ABN AMRO Chief Innovation Officer. “By eliminating the waiting time for their pay-out, we are removing a possible obstacle for workers to take advantage of the platform economy.”
Xander Koenen, co-founder of Charly Cares says: “We are excited to be collaborating with ABN AMRO. A solution to this problem is expected to result in better babysitter satisfaction and increase in productivity’’.
