Papaya Global, the SaaS fintech company providing global payroll and payments technology, announced the launch of its latest offering, Papaya Global Payroll Payments. This is a fully automated, embedded payments platform that gives clients the ability to process global payroll. It makes mass payments to employees, authorities, benefits vendors, and other beneficiaries.
Most payroll vendors do not manage the payments but outsource the process to third-party vendors. They’re frequently not equipped to handle payroll payments. Papaya now offers a singular payments platform specifically designed for payroll and worker-related expenditures that is fast, efficient and cost effective.
This product gives clients the ability to provide faster payments because Papaya owns money transfer licenses globally and built a solution designed for payroll payments. Some payment providers see the payment distribution as the main goal. Meanwhile, Papaya’s focus remains mainly on ensuring funds are received on time. With Papaya’s platform, payments arrive within 72 hours.
This payments solution…