Papaya Global

Earlier this week we asked about what form should holiday bonuses be in. The results are in! A whopping majority voted for a percentage of the annual salary. Indeed, in many countries, the holiday bonus is given as a 13th-month salary, which is a legal requirement. This practice is common in countries in South America, but is woven into labor agreements in Europe, as well. This extra salary serves as a financial boost, helping families cover extra holiday expenses or save for the upcoming year. Holiday bonuses, on the other hand, vary by region and company. In some places, they are optional, but they are still a cherished tradition in many European countries like Germany and France. In the United States, while there isn't a standardized practice, some businesses offer end-of-year bonuses as a thank-you gesture. Globally, the idea of rewarding employees during the festive season reflects a spirit of goodwill, reinforcing the importance of work-life balance and fostering a positive company culture. #globalpayments #payrollpayments #workforcepayments

Thanksgiving is widely celebrated around Autumn time in gratitude of a fruitful harvest, but dates vary. In Germany, Thanksgiving is celebrated on the first Sunday in October, while in Canada, it’s the second Monday of the month. More October celebrations include Grenada on the 25th. In Liberia, Thanksgiving is noted on the first Thursday of November, and in Japan, Labor Thanksgiving Day takes place on November 23. In the United States, Thanksgiving was made into a national holiday in 1863 by President Abraham Lincoln, who implored the then torn land to pray for “the Almighty hand to heal the wounds of the nation…” No matter what date you celebrate, we hope you have many blessings to count and many loved ones to share them with. Happy Thanksgiving! #Thanksgiving #globalholidays

The latest edition of Fintech for CFOs is out!?? ? In this edition, we’re looking at what’s in store for the fintech market post-election.?? ? Some notable numbers:? ? $1.38B: Single-day Bitcoin ETF inflows? $119M: Crypto industry's investment in pro-crypto candidates? 80%: Reported decrease in fintech funding amid regulatory pressure? ? Catch the full report here??? #fintechnews #FintechforCFOs #newsletter

Managing global payment operations can be challenging—whether it’s tracking transactions, handling multiple currencies, navigating time zone differences, or ensuring everything stays secure. On our mission to make global payments smoother and more efficient, we’re rolling out a set of new features designed to enhance your business’ security and streamline payment operations. Learn how these latest updates can help you stay ahead: https://okt.to/FQutAJ #paymentsolutions #productnews #PayTech

The holiday season is here. This time of year, employers everywhere are getting ready to disburse holiday bonuses. While at some companies this may show as a 13th salary or a percentage of the annual pay, other organizations may choose to give employees a gift, a wellness activity, and other benefits. At many businesses, the holiday bonus is performance based. A hard majority of employees (84%) say that the Christmas bonuses improve morale, and HR execs are fully aware they increase employee retention. Here's our #poll question to you: #payrollpayments #workforcepayments

Ready for more product news? Here we go! Our product team has been hard at work updating the Payment Report screen. This update improves usability and enables our customers to track their payments more easily across all projects & wallets. What does this update do for our customers? ??????Enhance visibility with additional description and worker IDO information that provide more context to the payment. ?? Enable more efficient tracking through refined filters and specific criteria, making it easier to manage multiple transactions across various projects and wallets. ??Improve usability with the simplified layout the Payment Report screen that is now more user-friendly, reducing time spent on finding and managing payment details. #productnews #payrollpayments #workforcepayments

We're always up for a good conversation about payroll and payments, even more so when real experts are involved. Nick Day and Eynat Guez sat down for a chat on The Payroll Podcast to discuss AI's impact on the industry that seems a little stuck in the past; how to add accurate, efficient, and on time payments to the payroll process, and the tech capabilities required for paying a global workforce. Curious? You should be! Listen to the full episode here: https://okt.to/9GFbEh #payrollpayments #workforcepayments #paytech

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. ???????? ??: ???????????????????? ?????? ?????????????? Introduced in a white paper in 2008, blockchain is a digital ledger of transactions replicated and distributed across a network of computer systems to secure information. It enables people to make financial transactions without the need for banks, financial firms, and government. Blockchain is created with each transaction and forms a transparent public log, making Bitcoin usage possible. Bitcoin is accepted and used in increasing number of countries and institutions. In the US, Bitcoin’s primary value is as an investment. At present, digital currency is carving its path to mainstream business. Governments around the world (Canada, Denmark, China, Netherlands and others) are exploring the possibility and potential of cashless economies. To learn more about global payments, go to our PaymentsPedia>> https://okt.to/wMVFX8 #crossborderpayments #workforcepayments #howtheworldgetspaid

We're proud to announce our newest AI-powered payroll and payments solutions, empowering organizations to manage and pay their global workforce with confidence and ease. These innovations alleviate specific pains for multinational enterprises by: ??Reducing global payroll processing time by up to 80%.? ??Cutting operational costs by up to 25%.? ??Ensuring 100% compliance across all global operations.? ??Improving employee satisfaction scores related to payroll by 40%. If rapid scaling of global workforce and entering new markets in weeks instead of months sounds appealing, watch the video below and visit https://lnkd.in/eEDYAm6e #payrollpayments #workforcepayments #productnews

Webinar reminder: Join us tomorrow! Paying your global workforce accurately and on time is hard. ?????? ???? ??????????????’?? ????. In our exclusive webinar with Finextra, we’ll explore the intricacies that make paying workers abroad that much more complex – and, of course, how to solve them. Join Papaya Global’s Senior Director of Payments, Jonny Nash and experts from Wells Fargo BNY and KPMG as they discuss: The logistical challenges of moving payments across borders The key internal challenges global firms are facing to pay their workers on time and securely Addressing the transparency and liability issues in cross-border payments. Interested in learning more? Register now! https://okt.to/o8K5A6 #Freewebinar #workforcepayments #globalpayments