Paysend, the global card-to-card payments specialist and RemotePass, the onboarding and payroll platform have announced a partnership to facilitate instant and more cost-effective transfers to international workers in 80 countries.
Through this partnership, Paysend will 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 bank account, ensuring a more efficient payment experience by eliminating delays when managing payroll.
Remote workers can avail of the service by linking a valid bank card, in their name, to RemotePass. Users will employ Mastercard or Visa rails to transfer money instantly and directly removing payday uncertainty as well as the incursion of traditional SWIFT or intermediary bank fees, the firms said. Ninety percent of transactions are reportedly completed within 15 seconds or less.
“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,” said Kamal Reggad, Co-founder and CEO, RemotePass in a statement. “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.”
Backed by prominent investors from UAE, KSA, and the US, RemotePass serves a diverse client base ranging from early-stage startups to publicly-listed companies such as Logitech. UK-based Paysend, which was set up in 2017, 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.
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.”
