Papaya Global in new payroll payments innovation

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Joe Baker
Joe Baker
Senior Copywriter
Joe is a Senior Copywriter working on reports, news and analysis. Previously, he worked as a B2B copywriter, journalist and editor covering a broad range of topics, including technology, transport,… Read more
  • Papaya Global has announced that it will be bringing in some payment processing services developed by global financial sector household name J.P Morgan.
  • The new initiative is expected to offer improved speed and security, as well as enhanced compliance options.
  • “We believe this partnership, coupled with our extensive licensing, enables the Papaya Global platform to deliver payments at unmatched velocity compared with other market solutions,” said a senior figure at Papaya Global.

Papaya Global, a provider of people management and fast money transfer services, has announced an extension to its current payments technology offering.

The firm will be bringing in some payment processing services developed by global financial sector household name J.P Morgan.

The aim is to change the way that Papaya clients experience international money transfer services when processing payroll. It is thought that it will improve speed and security, as well as enhancing compliance options.

The service can be brought to any location that has an international workforce. This reflects Papaya’s services, which are focused on those working remotely.

“We believe this partnership, coupled with our extensive licensing, enables the Papaya Global platform to deliver payments at unmatched velocity compared with other market solutions," said Eynat Guez, CEO and Co-Founder of the company.

“The future of payroll hinges on employee expectations and the future of work is remote. Teaming up with J.P. Morgan, Papaya’s platform and innovative solutions are empowering companies to pay workers no matter where they are,” he continued.

“Organisations can hire and then pay the best global talent without any restrictions, which results in higher levels of satisfaction for both employers and employees. Papaya is pioneering payroll and payments to match the expectations and business needs of a remote and global workforce.”

For J.P Morgan, meanwhile, a senior spokesperson there said that his firm was “delighted” about the development and to have worked together.

“We’re delighted to have worked with Papaya Global over many months to refine this solution, and we’re now very happy to extend our payments products as they look to create a fast and seamless payroll processing experience for their clients,” said Efrat Laor, who serves as head of J.P Morgan Israel Corporate Banking.

This article is just the tip of the iceberg when it comes to information about this fast-moving and ever-changing industry – to get more information about the sector and what it can offer you for both business and personal payments, just head over to our money transfer reviews section.


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