Papaya now offers payroll processing in a fraction of the time compared to other providers serving international workforces, regardless of an employee's geographic location with the support of J.P. Morgan along with other recent strategic partnerships and acquisitions
TEL AVIV, Israel and LONDON, Oct. 26, 2022 /PRNewswire/ -- Papaya Global, the world's leading people management platform for the remote work era and already known as an innovator in payroll technology, announced today that it is now ready to further extend international payments through state-of-the-art technology with the integration of J.P. Morgan and solutions that could transform Papaya's global payroll, enabling clients with secure, fast, seamless and compliant payment delivery to any region for companies with global workforces.
Papaya's new hedging capabilities further extend its market leadership position by offering international payroll. Papaya's recent acquisition of remittance technology company Azimo gives Papaya extensive international payroll coverage in over 100 countries. With J.P. Morgan, Papaya's fully automated and transparent software solution now overcomes previous limitations to securely and visibly enact payroll and payments, creating a more consumer-like experience for employees.
"We believe this partnership, along with our extensive license, enables the Papaya Global platform to deliver payments at speeds unmatched by other solutions on the market," said Eynat Guez, CEO and co-founder of Papaya. "The future of payroll depends 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." Organizations can hire and then pay the best global talent without any restrictions, resulting in higher levels of satisfaction for both employers and employees Papaya pioneers payroll and payments to meet expectations and business needs of a remote, global workforce.
"We are delighted to have worked with Papaya Global for many months to refine this solution, and are now excited to expand our payment products as they look to create a fast and seamless payroll processing experience for their customers," said Efrat. Laor, director of Corporate Banking at J.P. Morgan Israel.
About Papaya Global
Papaya Global powers global recruiting by enabling people, payroll and payment management for organizations in more than 160 countries. When companies want to remove barriers to global hiring, improve engagement, and optimize the employee experience at the same time, they call on Papaya Global. Papaya's cloud-based, automated SaaS platform provides an end-to-end solution, from onboarding to ongoing management and cross-border payments. The platform can be customized for all business requirements, integrates with existing HRIS management tools, and uses smart technology to ensure compliance and eliminate errors. It brings all employee information together in one place, creating a highly visible system for tracking payroll expenses and providing real-time business intelligence. Papaya's team currently spans Tel Aviv, New York, Austin, London, kyiv, Singapore and Melbourne. //www.papayaglobal.com
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