| FinTech is not only revolutionizing the way people handle money but also transforming business functions, including payroll processing. Until a decade ago, one could get a stable income only by having a full-time government or private job. With fixed paydays and salaries, payroll processing departments relied on legacy systems; on-demand pay was unheard of. With the rise of freelancing and the gig economy, however, skilled professionals are taking up side jobs for extra income. Further, the COVID-19 pandemic has led to a surge in alternative work styles, and employers are now making the most of the gig revolution. |
