Papaya Global, the workforce payment and payroll platform, today announced a suite of innovations set to revolutionize global workforce management in 2025. This platform addresses the challenges faced by multinational enterprises in managing payroll and payments across borders.
The new Papaya Global platform transforms payroll and payments through the following four pillars:
- Real-time Workforce Payments: Enable payments to anyone, anywhere, in 130+ currencies with real-time or same-day transactions. This single flow process provides full visibility and control over global payments through a single interface, effectively transforming global payroll data into global payments in 130 currencies. Papaya offers a set of unique features designed for workforce – split payments, payments in multiple currencies, guaranteed land date, and authorities’ payments.
- AI-powered Payroll Data Validation Agent: An industry-first AI system that achieves 99.7% data accuracy and ensures compliance with local regulations in over 160 countries. This breakthrough reduces manual validation work by 90%.
- AI Data Cloud Connectors for Payroll and Payments: Seamlessly integrate HR and financial data from multiple sources into a single, unified platform. This AI-based technology reduces implementation time to just four weeks and eliminates up to 90% of manual data entry errors.
With Cloud Connectors, clients can review and execute payments in a click, on one screen. Papaya standardizes and transforms workforce data (employee personal and bank details, salary, benefits, etc.) into pay-out-ready files. This transforms payroll data into payment execution through dedicated rails, powered by J.P. Morgan’s infrastructure. - Papaya 360 Support: Offers direct access to local payroll experts through the platform, complemented by a real-time support monitoring system and collaboration, visible SLA and open items and an employee self-service app.
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