back Back

Paysend and RemotePass to offer Instant Payments to Contractors globally

By Gloria Methri

June 20, 2023

  • card-to-card payments
  • Cash Flow Management
  • FinTech
Share

Paysend, uK, Instant Payments, Cash Flow Management, UK, FinTech, Card-to-Card PaymentsPaysend, 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.”

Previous Article

June 20, 2023

Fujitsu launches generative AI trials with Mizuho

Read More
Next Article

June 20, 2023

Montran and ICG partner to enhance instant payment solutions

Read More






IBSi Daily News Analysis

regulations,

June 11, 2024

card-to-card payments

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Commencis launches new Turkish LLM for banking & financial services

Read More

Today

Omnipresent taps Mangopay to power new global employment product

Read More

Today

XTransfer & Banking Circle boost global trade payments for Chinese suppliers

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023