- Papaya Global has announced that it will bring certain payment processing services developed by global financial industry household name JP Morgan.
- The new initiative is expected to offer improved speed and security as well as enhanced compliance options.
- “We believe that this partnership, together with our extensive licenses, enables the Papaya Global platform to deliver payments at a speed unmatched by other solutions on the market,” said a senior Papaya Global official.
Papaya Global, a provider of people management and fast money transfer services, has announced an expansion of its current payment technology offering.
The company will bring certain payment processing services developed by the name of the global financial sector JP Morgan.
The goal is to change the way Papaya customers experience international money transfer services when processing payroll.
This is believed to improve speed and security as well as compliance options.
The service can be brought to any location that has an international workforce. This mirrors Papaya’s services, which are geared toward those working remotely.
“We believe that this partnership, together with our extended licenses, enables the Papaya Global platform to deliver payments at unparalleled speed compared to other solutions on the market,” said Eynat Guez, CEO and co-founder of the company.
“The future of payroll depends on employee expectations and the future of work is distant. By partnering with JP Morgan, Papaya’s innovative platform and solutions enable companies to pay workers wherever they are. are found,” he continued.
“Organizations can hire and then compensate the world’s top talent without any restrictions, resulting in higher levels of satisfaction for employers and employees. Papaya is a payroll and payments pioneer to meet the business expectations and needs of a remote and global workforce.
For JP Morgan, meanwhile, a senior spokesperson said his company was “delighted” with the development and to have worked together.
“We are delighted to have worked with Papaya Global for many months to refine this solution, and we are now very excited to expand our payment products as they seek to create a fast and seamless payroll processing experience for their customers,” Efrat said. Laor, who heads JP Morgan Israel Corporate Banking.
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