Global payroll platform launched by Papaya 

The singular payments platform specifically designed for payroll and worker-related expenditures that is fast, efficient and cost effective. Papaya owns money transfer licenses globally and built a solution designed for payroll payments which facilitates fast payment processing.  

Eynat Guez, co-founder and CEO of Papaya, said, “We’re giving organisations with global workforces a true borderless solution for getting team members their payments quickly and accurately. No more manual processes, no more late or inaccurate payments, no fees reaching the employees. Managing a global workforce, especially payroll, is complex. Payroll payments are not just any payments, either — they are a super transaction that carry their own banking requirements. Most global payroll vendors outsource payments, typically to accounting firms that aren’t built for payroll and cannot offer liability, because the various geographies presented local challenges.

The vendor pulls money from their client’s account, but there is a lack of visibility and planning. It works more like a lien than a wallet that a client can control. Our promise to our clients: employers now have full control in determining when their employee’s payments land."