Papaya Global

Global companies are faced with local rules and regulations that keep changing. A rigid and fragmented global workforce infrastructure just won't do. In our webinar with HR.com, Compliance Across Borders, our expert Gina Dorcelus will dive into the importance of flexible workforce strategy, what capabilities are required, and the real-life gains many global companies make from implementing such strategies. Join us Wednesday, October 23rd, at 11 am EST. Register now>> https://okt.to/5jBKRf #compliance #globalworkforce #webinar

Humans have been exchanging goods and services since the dawn of civilization. Innovation has been the driving force of payment solutions ever since-from stringing beads and shells to necklaces all the way through to digital currency and beyond. In this series of posts, we’ll take you on a time travel adventure to see how the world gets paid. ???????? ??: ?????????????? ?????????? Leather was used as currency in various parts of the world. It originated in China in 118 BC, where single square foot pieces of white deerskin were exchanged for goods. There’s much documentation of using leather money in Europe, but that happened far later in the timeline. In 1122 AD, Doge Domenico Michaele of Venice, used pieces of stamped leather to pay his fleet, but that was out of pure necessity. The Doge ran out of other means of payment. Roughly a century later, leather currency was used in India. It was doomed to failure, because of what seems like a very modern problem- fakes. To learn more about global payments, go to our PaymentsPedia>> https://okt.to/nJBjlH #crossborderpayments #workforcepayments #historyofpayments

??Payment product update! We are happy to announce that customers can now invite beneficiaries (contractors or workers) to self-register in the Payments Application. This feature enhances efficiency, reduces errors, and improves security by allowing beneficiaries to directly input their own bank details. #crossborderpayments #workforcepayments #PayTech

Managing payroll payments across different jurisdictions is no small task – there is a complex landscape to navigate. In the Papaya Academy course linked below, we’ll guide you through the keys to successfully managing finance in payroll payments, including global treasury management, currency risk management, and the challenges of monitoring multiple local bank accounts. We’ll also explore alternatives you should consider. https://okt.to/nOiI6D #papayaacademy #payrollacademy #workforcepayments

Cross border payroll payments are key to scale and expansion of any global organization. Local laws and regulations can differ extensively, as well as banking licenses, rails, and formats. There's no question technology can give this industry the push it needs. Here's our #poll question to you: #crossborderpayments #workforcepayments

??We are happy to announce the launch of Payment Approval Chains! Papaya customers are now able to set up multi-approver chains for their payroll payments, consistent with internal workflows. For example, payments may require approval from a payroll manager, followed by a finance director, and finally the CFO. Our product now supports this chain. ?? #productupdate #paymentapps #workforcepayments

How the World Got Paid Humans have been exchanging goods and services since the dawn of civilization. Innovation has been the driving force of payment solutions ever since-from stringing beads and shells to necklaces all the way through to digital currency and beyond. In this series of posts, we’ll take you on a time travel adventure to see how the world gets paid. ???????? ??: ???????? ???????????????? -????????-?????? ??.??. Two civilizations on opposite sides of the ancient world have a claim to fame in using metal as a form of payment. In 1000 B.C. China, imitations of cowrie shells were produced in bronze or copper, with coins later taking the shape of tools like knives and spades. In 700 B.C. Lydia, modern day Turkey, coins were made of electrum- a silver and gold alloy. These coins were the first to be officially issued by a government body. Unlike modern day coins, the Lydian staters didn’t bear the bust of King Croseus, and were crude and bean-shaped, stamped with a mark of their quality and weight. Croseus used the minted coin to pay his soldiers. To learn more about global payments, go to our PaymentsPedia>> https://okt.to/kR1o4Z #crossborderpayments #workforcepayments #historyofpayments

Employer's contributions, including taxes, insurances, and others, are a major factor to consider when running a global workforce. Last week we asked you which country has the highest employer taxes. 44% of you voted for Brazil, and you were right! Employer taxes in Brazil amount to 41.08%. Next in line is, unlike the poll results, Ukraine, with 22%, then Ivory Coast with 18.45%, and lastly India with 15.25%. Want to know more about global payroll and payments? Check out our CountryPedia>> https://okt.to/j90KwB

When managing and paying a global workforce, employer taxes and contributions are a major factor to consider. In some countries, these taxes considerably raise the cost of doing business. Our question to you today is: where are employer taxes most costly? Answer our #poll below>> #payrollcompliance #payrollpayments

Compliance in payroll can seem really daunting, but with the right knowledge, it becomes manageable. That's why we created this dedicated course in our Payroll and Payments Academy. It will equip you with the tools to navigate compliance challenges effectively. Follow the link below to learn how to use compliance as a catalyst for advancing payroll technology needs. You’ll learn about anti-money laundering (AML) policies and how to prevent AML crimes. By the end of this course, you’ll be prepared to tackle compliance in payroll payments head-on. Let’s go! https://okt.to/mSXNGl #payrollacademy #payrollpayments #payrollacademy