The new partnership streamlines compliance and enhances operational efficiency, delivering a seamless onboarding experience to Papaya Global’s clients.
Papaya Global, the workforce payroll and payments platform, and Sumsub, a full-cycle verification and compliance solutions provider, today announce their new partnership. Sumsub will support Papaya Global with AI-powered automated solutions for secure verification and fraud prevention, while maintaining speed, accuracy, and regulatory compliance. The partnership ensures compliant payment transfers for companies and their workforce throughout the world.
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“When you enable global workforce payments, as we do at Papaya, thorough compliance and security is a top priority. Anything less than that simply isn’t acceptable when serving enterprise clients,” said Amit Levi, SVP Product at Papaya Global. “With Sumsub, we can take our compliance engine to the next level and deliver at scale, supporting our clients and their employees.”
“Partnering with Papaya Global is yet another big milestone for Sumsub in our mission to create a safe, accessible and people-friendly digital future. By providing seamless onboarding and compliant verification for users and businesses, we are supporting Papaya Global in its goal to make global payments fast, secure, and efficient. We are truly looking forward to seeing the results of our partnership,” added Andrew Sever, CEO and Co-Founder of Sumsub.
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About Papaya Global
Papaya Global is the platform for global workforce, helping the world’s leading companies to pay workers compliantly in the local currency of 160+ countries.
Having revolutionized payroll by automating manual processes, Papaya is now the first SaaS company to offer its own licensed payments platform, in partnership with J.P. Morgan.
With same-day delivery and low, transparent fees, Papaya makes global payments faster, safer, and more efficient.
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Backed by world-leading investors, Papaya Global has raised more than $450M (most recently at a $3.7B valuation).
Papaya Global’s payment services are offered through Azimo, Papaya’s licensed payments arm. Azimo is a payment services provider regulated in five Tier-1 jurisdictions. These licenses allow Papaya, together with its partners, to provide workforce payments worldwide.
Source – Businesswire
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