Papaya Global, the workforce payroll and payments platform, today announced it chose Citi, a leading global financial institution, to expand its existing offering and create lasting impact in the workforce payments landscape. Leveraging Citi’s advanced payments solutions, Papaya Global is able to further innovate and optimize workforce payments for modern global businesses.
“Workforce payments are the backbone of global business operations. Working with Citi and utilizing its payments solutions, we can deliver the precision, reliability, and compliance necessary for companies wishing to scale with confidence,” says Eynat Guez, Co-Founder and CEO of Papaya Global. “Our mission is to create a global payments ecosystem that simplifies operations, removes barriers, and empowers businesses to succeed in today’s interconnected world.”
Paying accurately, compliantly, and on time is basic a requirement in a global economy. As necessary as it is, the last mile of workforce payments is often the biggest challenge, especially at scale. Multinational organizations simply cannot rely on error-prone manual inputs, capricious data security, changing FX rates, and erratic land dates when paying employees and contractors.
Papaya Global’s platform goes beyond workforce payroll to deliver cross-border workforce payments in 160 countries and 130+ payout currencies. Beyond securing business operations and growth, this streamlined payments solution enhances visibility and control over workforce payments.
By harnessing Citi’s payments solutions, including CitiConnect for API, Payer ID, and WorldLink, Papaya Global can expand its local-to-local payment capabilities, offering support for key currencies, enhancing payment routing, and strengthening redundancy – ensuring faster, more reliable payments that meet the complex needs of global enterprises.
“We always prioritized creating solutions which will enable organizations to pay their workforce,” says Guez. “That’s why we acquired Azimo and its tier-1 global payment licenses, that’s why we’re investing in constantly developing payments technology, and that’s why we chose Citi’s advanced payments solutions.”
