PayPal empowers freelance communities in PH
The gig economy is fast becoming an influential part of the Filipino workforce, anchored by a rising millennial population, the development of digital platforms, and the evolution of business models. According to the PayPal Global Freelancer Study, nine of ten freelancers in the Philippines are under 40 years old, giving the segment a strong millennial slant. “Millennials will occupy the majority of the global workforce in three years. They are the on-the-go generation, with highly differentiated preferences when it comes to work. They like working from home and value autonomy. That’s why freelancing comes so naturally to them,” said Nagesh Devata, General Manager for PayPal Southeast Asia Cross-Border Trade, during the G-Economy Media Summit on Wednesday. The event sought to identify insights from the country’s growing freelancer economy, which comprised 1.5 million Filipinos. It was highlighted by a panel discussion, featuring industry movers Luarni Sim (MessyMaru), Shahab Shabibi
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