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NRF 2025: What Is The Most Overused Buzzword That You’ve Heard Today? Why Financial Inclusion is Transforming the Way Consumers in Latin America Pay EXCLUSIVE: “Leaning Into Home Lending” – Delphine Emenyonu, TSB in ‘The Fintech Magazine’ Building a Product Team for the New Era of Payments Banks Need to Help ‘Break the Spell’ of Romance Scams Deel Secures $300 Million in Series E Funding UBS Appoints Chief AI Officer to Drive Its AI Strategy Dollarize Selects Flagright to Power Real‑Time Transaction Monitoring and Risk‑Based AML Currency.com Secures New MTL License in Washington, Expanding Its U.S. Regulatory Footprint to 32 States Ripple Breaks Into Corporate Treasury With $1B GTreasury Acquisition Affirm and Fanatics Partner to Offer Transparent, Flexible Payment Options to Millions of Sports Fans Equifax Introduces Equifax Ignite® AI Advisor BingX Achieves ISO 27001 Certification, Setting the Standard for Web3 Information Security Resilience Expands Coverage for Technology Errors & Omissions Insurance for Clients Above $25M In Annual Revenue Socure and Docusign Bring Identity Certainty to Every Signature with a Frictionless Experience for Every Signer

October 17 2023

Papaya’s Workforce Wallets – Designed for a Global Direct Deposit

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Papaya Global is a technology company that united payroll and payments through a single platform AND a licensed and regulated financial institution, holding money transfer licenses around the globe.

That combination has allowed Papaya to build the first and only payments solution specially designed for global direct deposit to employees, tax authorities and benefits vendors. The new Workforce Wallet supports all employment categories, including payroll, EOR, and contractors.

With the Workforce Wallet, you can pay your entire global workforce with a single click – without opening bank accounts across the world and without outsourcing your payments to a PSP and losing control of the payments.

With all the data for the entire payroll process – from onboarding to payment – stored on one platform, you get complete transparency and optimized FX management. The system runs daily simulations of the payment process, predicting FX rates with unparalleled accuracy.

All of Papaya’s client Workforce Wallet funds are held in JP Morgan and Citibank, segregated and safeguarded. Payments are delivered through JP Morgan and Citibank payment rails, optimized especially for direct deposit.

Companies In This Post

Papaya Global

Papaya Global
  1. NRF 2025: What Is The Most Overused Buzzword That You’ve Heard Today?

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  2. Why Financial Inclusion is Transforming the Way Consumers in Latin America Pay

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  3. EXCLUSIVE: “Leaning Into Home Lending” – Delphine Emenyonu, TSB in ‘The Fintech Magazine’

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  4. Building a Product Team for the New Era of Payments

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