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Paysend will power Ontop’s new payout-to-cards capability for employee and contractor payroll. This will enable remote workers paid through the Ontop platform to send their money directly to their local cards instantly and at a low cost.
The Ontop platform enables companies to scale internationally and currently provides employer-of-record services (EoR), compliance, and payroll services to over 950 companies worldwide.
The Covid-19 pandemic accelerated significant macro workforce trends, with remote working and digital nomadism fundamentally shifting where and how employers access labour. With all the world’s economies now fully reopened, global businesses are embracing the value of being able to hire workers and contractors remotely, regardless of their geographical location.
In an article published on Business Reporter, Ashley Mallet, Head of Business at Paysend talks about how fintech has made banking and finance easier for SMEs by removing hurdles in areas such as lending and cross-border payments via technological advancements in online and mobile banking. Following the 2008 Financial Crisis, banks reduced their banking activity, constraining small businesses’ potential to upscale. To increase competition in the sector and encourage new players to enter the financial market, new legislation has also been passed in several countries to create a level playing field.
With its intuitive interface and powerful features, Paysend Business makes it easy for SMEs to manage their finances across borders. Businesses can receive, spend, and exchange money in over 30 currencies, without worrying about hidden fees or complicated exchange rates. Instant payments can be made through multi-currency accounts, including global inbound and outbound payment functionality and payouts to Visa and Mastercard worldwide.
