Wise and G-P team up to power Global Contractor Payments

By Gloria Methri

Global Employment Platform G-P and Wise have announced a partnership to power the future of how businesses pay international freelancers and contractors. Through the integration, companies will have direct access within the G-P platform to a payment system that ensures fairness and pay transparency.

Traditionally, cross-border transactions have been limited to time-consuming and manually intensive bank transfers for payment processing. G-P Contractor aims to deliver flexible payment options to customers and professionals and a straightforward view into the entire payments process — including the mid-market exchange rate.

“Together with Wise we are creating a world that is unhindered by traditional financial systems, providing customers and contractors an ethical and transparent employment and payment process for all talent through our Global Employment Platform,” said Nat Rajesh Natarajan, chief product and strategy officer, G-P. “At G-P, our mission is to create a borderless and equitable world of work. Delivering flexible payment options is critical to delivering on that mission and meeting the needs of today’s professionals.”

There are no hidden transaction fees, which gives businesses more control and autonomy over their international payments. They can choose the time, frequency, and currency of payments, and will see a full breakdown of transaction details and real-time payment status.

The solution is designed to save time and labour on individual invoices, ensure timely delivery of funds, provide the current FX rate, avoid inefficiencies, and create a more transparent process for all involved. It also benefits those that don’t have access to stable currencies or are experiencing rapid inflation around the globe.

“We are excited to work with G-P to provide an easy and transparent way for companies to bring on global contractors and better manage these relationships,” said Steve Naudé, Head of Wise Platform. “We have seen a growing need from companies to have more control over their international payments, especially to contractors, and are proud to see G-P trusting Wise to manage and power their cross-border capabilities.”

Wise helps people and businesses securely hold and move money in over 50 currencies and send USD to over 190 countries. It is further growing the offerings of Wise Platform to allow banks and businesses to embed the power of Wise into their existing platform.

The Wise Platform allows partners to take advantage of one of the largest global engineering teams focused on helping move money around the world. The team also has dedicated delivery, engineering, customer, and product specialists who work collaboratively to seamlessly integrate the Wise APIs into partner dashboards and user interfaces.