Papaya Global

We believe in the power of partnership and the impact it creates. That's why we're so excited to share the following case study by our partner, J.P. Morgan, showcasing the amazing results that stem from the joining of forces of innovative technology and established banking. Click below for the full report>> https://okt.to/Yb75io #payrollpayments #workforcepayments #crossborderpayments

Attention CFOs and finance leaders!   Our latest CFO Report is out – and here’s what we’re covering:   🏦 FDIC Tightens Reins: New rule proposed for banks to maintain detailed records of fintech app customers. Critical for partnerships and risk management.  🇬🇧 UK's Data & AI Push: The British government is prioritizing a 'smart data' economy. Opportunity for cross-border fintech innovation?   📱 Payment App Boom: With 75% of U.S. consumers using digital payment apps, it's time to reassess your company's payment strategies and security measures.   🔍 Regulatory Horizon: Fintech scrutiny is intensifying. Are your partnerships and processes ready for increased oversight?  Happy reading!  #fintechnews #crossborderpayments #digitalpayments

The third financial hub after New York and London, Hong Kong is home to 7.5 million people living on very crowded 275 squared KM of land. Drawn to this dynamic business hub, more than 9000 multinational companies operate in Hong Kong operating in a few leading industries: financial services, trading and logistics, professional services, and tourism. If you’re employing and paying in Hong Kong, here are a few things you should know: 💸Hong Kong has the lowest employer tax in the world, now at 7%. 🛂Foreign nationals require a visa for employment, usually sponsored by the employer. ✨Common benefits include a company car, a vacation allowance, and private medical insurance. Click below to find out more about managing and paying your workforce in Hong Kong>> https://okt.to/MVquCy #workforcepayments #crossborderpayments #payrollpayments

BIG News! Huge! We're happy to announce the launch of Papaya Global Hong Kong, enabling local and cross-border payouts from Hong Kong. Papaya HK will leverage its international payments network using money transfer licenses to offer tailored cross-border payment solutions for global organizations headquartered in Hong Kong, relying on its innovative technology and wallet infrastructure, coupled with established banking providers like J.P. Morgan. Learn more about Papaya Hong Kong here>> https://okt.to/DioJTM #paymentsHongKong #crossborderpayments #globalpayments

Humans have been exchanging goods and services since the dawn of civilization. Innovation has been the driving force of payment solutions ever since-from stringing beads and shells to necklaces all the way through to digital currency and beyond. In this series of posts, we’ll take you on a time travel adventure to see how the world gets paid. 𝗣𝗮𝗿𝘁 𝟱: 𝗖𝗵𝗲𝗾𝘂𝗲𝘀 𝗮𝗻𝗱 𝗕𝗮𝗹𝗮𝗻𝗰𝗲𝘀 In 1661, Stockholm Banco in Sweden became the first central bank to issues banknotes. It was a flop which led to the bank’s, well, bankruptcy. In 1695, the Bank of England began to issue banknotes, which were at first handwritten to an exact amount, similar to 20th century cheques. The Seven Years’ War (1756-1763) involved most major powers in Europe and caused an acute shortage of gold. The Bank of England managed the crisis by issuing 10-pound notes, and 5-, 2-, and single-pound notes were introduced by the 1790s. In the early 1800, gold had become the standard of value. Each banknote represented a certain amount of gold, so only a limited number of notes could be printed. To learn more about global payments, go to our PaymentsPedia>> https://okt.to/XlyDJf #crossborderpayments #workforcepayments #historyofpayments

Last week we asked you what is your major consideration when seeking a payroll and payments solution. The results are in! Not surprisingly, 56% prioritize data accuracy and validation. Auditing, standardizing, and validating payroll data, and ensuring accuracy and consistency across all locations are daunting tasks, which - when performed manually - can open a Pandora's box of errors, problems, and risks. Technology can now close the gap, eliminate data siloes across multiple sources, and reduce manual consolidation and validation efforts. Learn more about what #paytech can do for your organization and how Papaya can get you there in just 4 weeks >> https://okt.to/NEmPAd

Real-time payments or RTP are one of the fastest-growing payment methods around the world, with the transaction value projected to grow by 289% by 2030. This payment method facilitates the immediate transfer of funds 24/7, allowing companies to optimize cash flow management, enhance their customer experience, and create new business opportunities. Here's everything you need to know>> https://okt.to/ykAxp5 #realtimepayments #crossborderpayments #globalpyaments

📣 Payment product announcement! We are happy to announce Funding Buffers! This feature enables custom project-level buffers to be applied to required funds estimates for payroll payments. If you wish to fund their wallet once - early in the cycle, before Authority payments are available - and cover anticipated Net and Authority payments for that cycle. For example, 25% may be added to a certain project to account for Tax and Social Security payments. Required funding amounts will incorporate the buffer (before these payments are uploaded into the system), and the customer will fund their wallet appropriately without worrying about funding again for that cycle. Buffers are set up and edited self-serve - and can also be managed in the Payments Admin. #paytech #workforcepayments #digitalwallets

Humans have been exchanging goods and services since the dawn of civilization. Innovation has been the driving force of payment solutions ever since-from stringing beads and shells to necklaces all the way through to digital currency and beyond. In this series of posts, we’ll take you on a time travel adventure to see how the world gets paid. 𝗣𝗮𝗿𝘁 𝟰: 𝗡𝗼𝘁𝗲𝗱 Paper money originated in China around 900 AD. Coins were heavy and cumbersome to handle, so merchants started trading transaction receipts. Song Dynasty authorities gave a few shops permission to issue these deposit receipts. By 1000 AD, the government was the only issuer of the receipts, thereby creating the first official paper money. In the 13th century AD, the invention of paper money made its way to Europe. Venetian merchant explorer Marco Polo included a chapter in his book about the topic, and paper money became a prevalent means of payment. To learn more about global payments, go to our PaymentsPedia>> https://okt.to/bwaX1m #crossborderpayments #globalpayments #PayTech

Technology is making an impact on business and global workforce management. In a recent interview with Enterprise Times Papaya's CEO and Co-Founder, Eynat Guez, provided her top four tips for global enterprises looking to implement a payroll solution within their organization>> https://okt.to/HRVJX2 #workforcepayments #payrollpayments #crossborderpayments