In this episode of The Payments Show Podcast, our founder Aron Alexander sheds light on the cutting-edge payment solutions Runa offers to unlock digital value for everyone, everywhere. The conversation revolves around a few key areas:
Runa has been a pioneer in transforming the payment landscape for gig and remote workers. And it doesn’t stop there. Runa works with businesses to leverage digital value to make payouts for a range of use cases including incentives, disbursements, loyalty cashout, and more. In the podcast, Aron discusses how we partner with businesses to create customizable mass payouts, rewards programs, and incentive experiences for their employees or customers. These programs boost engagement and loyalty, providing a win-win situation for all stakeholders involved.
Throughout the conversation, Aron talks about the Runa flywheel and how all participants–businesses, merchants, and recipients– benefit. Runa gives merchants the power to create programmable stores of value and distribute them through the Runa Network, driving loyalty and retention. It enables businesses to send value to individuals wherever they are, instantly and avoid the costs and complexities of traditional payment systems. It also allows individuals to instantly spend the digital value they receive on the Runa Network.
The gig and remote economy has witnessed remarkable growth, with millions of workers choosing flexible employment opportunities over traditional 9-to-5 jobs. As the gig economy expands, the need for innovative payment solutions grows too arises. There is a need for systems to pay and reward gig workers globally.
To lay the groundwork, Aron delves into the challenges faced by gig and remote workers. He highlights conventional payment methods' shortcomings, such as delayed payments, high transaction fees, and lack of transparency. Gig and remote workers shouldn’t wait to access their funds or pay exorbitant fees. Businesses have the same challenge on their side with low-value, high-velocity payments. Runa offers an infrastructure that enables businesses to send digital value payouts instantly, to anyone anywhere. Recipients who receive this value can choose how to redeem it and can spend it like cash anywhere on the Runa Network.
Check out this insightful podcast episode that showcases the tremendous potential of digital value and innovative payout solutions.