In many ways, things are harder than ever for giant food delivery companies like Grubhub. Certainly the gig economy has no shortage of workers—which is likely only to increase with the looming economic downturn—and numbers show that the COVID-19 pandemic greatly boosted the customer base of such apps. However, the fintech revolution has also generated an ever-increasing number of competitors in the field of convenient online ordering platforms for local restaurants.
Once again, Grubhub is taking big steps to stand out from that crowd. Leveraging its new partnership with PayPal and Visa, Grubhub is launching a Hyperwallet-powered function called Instant Cashout, using PayPal’s Direct Deposit service to send drivers’ wages instantly to their Visa debit cards.
Senior Vice President and North America Head of Visa Direct Yanilsa Gonzalez-Ore sees the new Instant Cashout service as essential for modern gig workers. “Today’s consumers are accustomed to ‘real-time everything,’ and worker expectations are no different when it comes to receiving tips and earnings. Through collaborations with companies like Grubhub, Visa Direct is helping reshape money movement to provide workers with faster, digital access to the money they’ve earned.”