Papaya Global

Staying compliant means staying up to date with any and all policy changes. At Papaya, we’re constantly current on local regulations, so our clients can rest assured that employees and authorities are paid properly. Here’s a quick roundup: 🇫🇷 France: Gross hourly rate for minimum wage is set at 11.88 Euros. 🇨🇱 Chile: Disability and Survival Insurance contribution rate decreased from 2.01% to 1%. 🇲🇾 Malaysia: New wage ceiling for social security is set to RM 6,000. 🇸🇦 Saudi Arabia: As of January 2025, the contribution rate for employers and employees will increase from 9% to 9.5%, and continue to increase by .05% each year to 11% max. #payrollcompliance #paymentCompliance #workforcecompliance

Paying your global workforce accurately and on time is hard. 𝗕𝘂𝘁 𝗶𝘁 𝘀𝗵𝗼𝘂𝗹𝗱𝗻’𝘁 𝗯𝗲. 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/C9A1Rd #Freewebinar #workforcepayments #globalpayments

In a candid interview with FIN: The Fast Forward on Fintech's Holly Sraeel, Papaya's CEO and Co-Founder Eynat Guez shares her insight and her vision of the payroll and payments transformation, and what impact #AI can bring to this industry. "It was very interesting to see in the last year that, as we went up market, we are not replacing a platform solution with a platform solution. We're replacing service with a platform solution, unifying everything for business owners and operators. The payroll transformation and eventually the digitalization that is coming—there’s a lot of noise coming out of the office of the CFO and digitalizing it—is finally getting there." Click below for the full interview>> https://okt.to/Uv2lzY #payrollpayments #workforcepayments

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. 𝗣𝗮𝗿𝘁 𝟳: 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 It’s 1994. Ace of Base’s The Sign is the #1 song, the Rachel Cut is at its peak popularity, and the World Series is cancelled because of a Major League Baseball players’ strike. It’s also the year a company called First Virtual Holdings created the first online payment system. Customers could now input their credit card info and make payments online. Soon after, PayPal was established and quickly became the leading solution for online payments in the early 2000s. Its popularity was the result of enabling users to make online payments without sharing their credit card information with merchants and providing a new level of security and convenience. By the late 2000s, mobile payments were available through systems like Apple Pay, Samsung Pay, and Google Wallet To learn more about global payments, go to our PaymentsPedia>> https://okt.to/ufBvC3 #crossborderpayments #howtheworldgetspaid #historyofpayments

Ready for some exciting product news? Introducing the ability for customers to generate and download Proof of Payment (POP) documents directly within Papaya's Payments Application. This feature provides formal documentation of completed transactions, which can be shared with beneficiaries to confirm payment. 𝗪𝗵𝘆 𝗶𝘀 𝘁𝗵𝗶𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁? 🪟 Enhanced Transparency: Get clear official confirmation of payment, reinforcing trust and transparency in the transaction process. 📔 Record Keeping: POP documents support you in maintaining detailed records of each payment, which can be critical for audit trails and compliance with internal and external reporting requirements. 📡 Streamlined Communication: Instead of relying on informal confirmation methods, you can now share an official document with beneficiaries, reducing follow-up questions and providing clarity on the payment status. #payrollpayments #workforcepayments #crossborderpayments

This week we asked you about AI in payroll and where it can make the most impact. The results are in! 34% of you think AI can serve best to detect fraud. But how? #AI can easily and efficiently check for unauthorized changes to timesheets, contributions, and benefits. It has the ability to "notice" suspicious patterns and flag them. Ai's ability to continuously check for repetitive errors make it an incredibly useful tool in payroll and payments. #payrollpayments #workforcepayments

Ready to implement #Ai in your payroll and payments process, but not sure how? Check out this Papaya Global Academy course. Our SVP Product, Amit Levi looks at ways AI can help make payroll and payments easier, more efficient, and more accurate. Amit also examines the parts of the process that would not benefit from AI– and how to tell the difference. https://okt.to/jW5BFK #payrollpayments #papayaglobal

#AI is quickly becoming a must have technology in forward thinking companies, for various use cases. At Papaya, we implement AI in various layers of our platform, but we want to hear from you: where do you need it the most? Answer the #poll below 👇 and let us know.

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. 𝗣𝗮𝗿𝘁 𝟲: 𝗚𝗶𝗺𝗺𝗲 𝗦𝗼𝗺𝗲 𝗖𝗿𝗲𝗱𝗶𝘁 The 1950s brought a completely new form of payment. Diners Club issued the first charge card in 1950, and Bank of America issued the first modern day credit card in 1958. The paper card had revolving credit of up to $300. Women could use their husbands’ cards but were not able to get their own card until 1974 and the Equal Credit Opportunity Act. In 1969 the magnetic stripped credit cards were introduced in the US, soon becoming the global standard. It was only in 2015 that the strips were replaced with a new technology- the EMV chips. To learn more about global payments, go to our PaymentsPedia>> https://okt.to/xHX465 #crossborderpayments #workforcepayments #historyofpayments

Ever wish you could have a global payroll and payments experts at your fingertips? Now you do! 💡 Papaya clients now have access to Papaya AI. Any questions? AI has the answers. Try it on our Knowledge base now. Not a Papaya client yet? Contact us to get access. #AI #Payrollpayments #workforcepayments