Paysend partners with OnTop to provide instant and cost-effective salary payments to millions of employees
Fintech Paysend partners with Ontop for global payroll
MIAMI, May 15, 2023 /PRNewswire-PRWeb/ -- UK-based fintech Paysend is today announcing a new partnership with global payroll platform Ontop, enabling employers to make faster and more cost-effective salary payments to employees and contractors.
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.
Remote workers who receive payment through the Ontop platform can now conveniently transfer their funds to their VISA or Mastercard card, replacing current cumbersome arrangements involving delays and fees through the need to use the Swift system.
To make use of the Paysend platform, contractors simply need to supply their full name and bank card number, and businesses will be able to pay them instantly and directly to their bank accounts using Mastercard or Visa Rails. No more uncertainty around payday, and no more SWIFT or intermediary bank fees. 90% of transfers arrive in 15 seconds or less.
Santiago Vicaria, VP of marketing at Ontop, welcomed the partnership, saying, "We are excited to join forces with Paysend to provide our clients with a faster, more efficient, and cost-effective solution for making global payments. This partnership aligns with our mission to provide our clients with the best payroll solutions on the market while enabling them to scale their businesses internationally."
Rupert Bedell, Chief Marketing Officer at Paysend, added, "We're delighted to be partnering with one of the leading payroll brands and look forward to a close partnership with Ontop. Our market-leading card-to-card payments platform will save time and money, processing salary payments to employees quicker and more cost-effectively than via the banking network."
Notes to Editors
- About OnTop
Ontop is a Miami-based startup that enables businesses to make their global payroll process smooth and simple. Building a high-tech product to effortlessly streamline the global payroll process, they help companies onboard new hires, sign their contracts, automate their payments, and also give their workers the possibility to access state-of-the-art financial services.
Founded in 2020 and currently among the top Y Combinator-backed startups, Ontop empowers remote workers from all around the world, giving the access to new generation of financial services for global remote workers such as Ontop Wallet, Ontop Visa Card and Ontop Peak.
By anticipating what global operations will look like in the future and developing solutions to address any potential challenges, Ontop has become the go-to platform for businesses of all sizes looking to take their operations beyond borders.
For further information, visit: https://www.getontop.com/
Find Ontop's press kit here.
- About Paysend
Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow, and in any currency. Paysend is UK-based and has a global reach, having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend currently supports cross-network operability globally across Mastercard, Visa, China UnionPay, and local ACH and payment schemes, providing over 40 payment methods for online SMEs.
Paysend can send money to over 170 countries worldwide and has attracted more than six million consumers to its platform. As a global end-to-end payment platform, Paysend has a global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard, and China Union Pay as principal members and certified processors.
Media Contact
Santiago Vicaría, Ontop, 1 3053394050, [email protected]
Rupert Bedell, Paysend, [email protected]
SOURCE Ontop
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