Paysend partners with Transformify to provide simplified payroll on-demand payments
Paysend, the UK-based fintech with over 7 million customers, today announces a partnership with global payroll on-demand & vendor management platform Transformify, enabling businesses to better manage their vendors and international payroll on-demand services.
Transformify provides B2B employment services, including vendor management, temporary staffing, compliance and payroll on-demand services in over 184 countries worldwide.
Paysend will power Transformify’s new payout-to-cards capability for vendors and contractor payroll on-demand. This will enable Transformify's business clients to pay their remote employees directly to their Visa or Mastercard, and at a low cost through the Transformify platform.
To make use of the Paysend platform, contractors simply need to supply their full name and bank card number, and businesses will be able to pay them instantly and directly to their bankcards, using Mastercard or Visa rails. This process avoids incurring SWIFT and intermediary bank fees, and 90% of transfers arrive in 15 seconds or less.
Taras Paseshnik, Global Product Manager from Transformify welcomed the partnership, saying, “The new pay-to-card solution is a breath of fresh air for those payees who are not familiar with international bank payments and industry-specific terms like SWIFT, IBAN & routing number. Transformify users need to provide only the number of their card and the payment arrives in seconds.”
Alex Budyakov, Head of Enterprise and Network Partnerships at Paysend, added, “We are delighted to welcome Transformify to the Paysend group, bringing accurate and safe real time payments services to contractors in over 184 countries. Our market leading technology sits well with the Transformify ( TFY) brand, removing country barriers in freeing up the best talent for growing businesses.”
Notes to Editors
Contacts:
Paysend: Rupert Bedell. rbedell@paysend.com
Transformify: Taras Paseshnik, taras@transformify.org
About Paysend
Paysend is a next-generation integrated global payment ecosystem, enabling consumers and businesses to pay and send money online anywhere, anyhow and in any currency. Paysend is UK-based and has global reach having been created in April 2017 with the clear mission to change how money is moved around the world. Paysend 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.
Paysend can send money to over 170 countries worldwide and has attracted more than six million consumers to its platform. As a global end-to-end payment platform, Paysend has a global network of banks and international and local payment systems and has partnerships with the major international card networks Visa, Mastercard and China Union Pay as a principal members and certified processors.
Download the Paysend app from the App Store or Google Play. More information about Paysend’s global reach can be found on the Paysend website.
About Transformify
Transformify ( TFY) is an UK-based workforce and vendor management system, providing payroll on-demand, vendor management system (VMS), Applicant Tracking System ( ATS), temporary staffing and employer of record services across 184 countries.
Transformify ( TFY) automates compliance, billing and payments to vendors, independent contractors and freelancers and supports various payment methods including e-wallet, local bank payments, order-to-card ( OTC), SEPA, SWIFT, debit card issuing, 20+ cryptocurrencies, etc.
A future of work advocate, Transformify ( TFY) is an all-remote company and a member of the Digital Skills and Jobs Coalition of the European Commission.
For further information visit: https://www.transformify.org/