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Gig Economy Is Growing Rapidly in Malaysia but More Inclusive Financial Services are Needed, According to Industry Professionals
December 24, 2020 @ 8:58 pm By Omar Faridi
The gig economy has been growing steadily in Asian countries like Malaysia, particularly at a time when the COVID-19 outbreak is forcing residents to pick up side jobs to supplement their earnings during these uncertain times.
Although the gig economy or temp work opportunities are becoming increasingly available, freelancers, self-employed and gig workers are financially underserved, according to industry professionals.
During an online event organized by Fintech News Malaysia, senior management professionals from Malaysia Digital Economy Corporation (MDEC), UN Capital Development Fund (UNCDF), Employees’ Provident Fund (EPF), and Grab Malaysia talked about why traditional financial service providers aren’t offering products that fit gig workers’ requirements, and what should be done to provide t