Green Dot partners with Gig Wage to provide underbanked workers

Green Dot partners with Gig Wage to provide underbanked workers

Green Dot is partnering with and spending $2.5 million in Gig Wage to supply solutions like debit cards and cash management to gig workers, a lot of whom are among the list of tens of millions of underbanked and unbanked americans.

In accordance with the Federal Reserve, 16% of grownups had been underbanked in 2018, meaning they had a bank-account but additionally utilized services that are alternative payday loan providers and check-cashing services — solutions that Gig Wage creator and Chief Entrepreneur Officer Craig J. Lewis called “predatory.”

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