Paysend and RemotePass to offer Instant Payments to Contractors globally
By Gloria Methri
Paysend, the global card-to-card payments firm, and RemotePass, the global onboarding and payroll platform, have entered a partnership to facilitate instant and more cost-effective transfers to international workers in 80 countries.
Paysend looks to empower RemotePass with a new instant payout to cards feature for global payroll. This intuitive capability allows remote workers to receive payments swiftly and affordably by transferring funds directly to their local cards. It provides an efficient and seamless payment experience, eliminating delays when managing payroll.
To take advantage of this service, remote workers need to link a valid bank card, in their name, to RemotePass. Users will employ Mastercard or Visa rails to transfer money instantly and directly. With this streamlined process, there is no longer any payday uncertainty, removing the incursion of traditional SWIFT or intermediary bank fees. At least 90% of transfers are completed within 15 seconds or less.
Kamal Reggad, Co-founder and CEO, RemotePass said, “From its inception, RemotePass has dedicated its time and resources to enhancing the overall experience for contractors worldwide, facilitating their onboarding and providing seamless access to global financial services and benefits. Today, through our partnership with Paysend, contractors using RemotePass will enjoy the convenient capability of receiving payouts instantly, improving cash flow efficiency for SMEs when using our platform.”
Alexander Budyakov, Head of Enterprise at Paysend, added, “We are thrilled to announce our partnership with RemotePass, a prominent player in the payroll industry. We aim to forge a strong alliance and work closely to streamline salary processing, enabling faster and more cost-efficient payments for workers, saving time and money for businesses globally.”
IBSi Daily News Analysis
September 27, 2023
Looming data compliance issue still haunts FinTechs, research revealsRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage