Ontop has integrated Paysend’s platform for transferring money from remote workers’ accounts to their local Mastercard or VISA cards swiftly and at a low cost. This new capability replaces the previous time-consuming and fee-intensive process associated with the SWIFT system. Paysend will provide the technology that enables Ontop’s new payout-to-cards functionality for fast processing of salary payments to employees and contractors.
MIAMI (PRWEB)
May 25, 2023
Global payments platform Paysend announces its latest partnership with Ontop, a payroll provider operating worldwide, to allow companies to transfer their workers’ salaries to local Mastercard or VISA cards quickly and affordably. Ontop offers employer-of-record services, payroll services, and compliance services to over 950 companies across the globe, and this integration with Paysend’s technology will bring about a revolution in the speed and efficiency of payroll processing.
Paysend’s technology can easily integrate into the Ontop platform, enabling remote workers to transfer their funds to local VISA or Mastercard cards instantly. That way, contractors and employees will have to deal with less hassle associated with intermediary bank fees and delays in the traditional SWIFT system. All workers have to do is provide their full name and bank card number to enjoy the quick and reliable service provided by the Paysend platform. The majority of funds transferred through the Paysend system arrive in just 15 seconds.
Juan Pablo Acosta, Head of Payments & Business Enhancement at Ontop, commented that he was excited about the recent partnership with Paysend, which offers payroll solutions to the market while allowing for global business scalability. Jairo Riveros, Chief Strategy Officer and Managing Director for the U.S., and LATAM at Paysend, stated Paysend is thrilled to partner with one of the leading payroll brands, bring their market-leading card-to-card payment platform to the aid of companies worldwide, and expedite payroll processing considerably.
OnTop is a Miami-based startup founded in 2020 and currently among the top Y Combinator-backed startups. OnTop ensures businesses can handle their global payroll process with ease by developing a high-tech product that streamlines the payroll process. Companies can now onboard new hires, sign their contracts, automate their payments, and access the next level of financial services by using the Ontop Wallet, Ontop Visa Card, and Ontop Peak lending product. OnTop has become the go-to platform for businesses looking to expand operations beyond borders.
Paysend is a next-generation payment ecosystem that supports cross-network operability across Mastercard, Visa, China UnionPay, and local ACH and payment schemes, providing over 40 payment methods for online SMEs. Since its creation in April 2017, Paysend has set out to revolutionize the way money is moved worldwide, and it currently can send money to over 170 countries, attracting over six million customers to its platfOrm.
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