Fintech Paysend, Ontop to Provide Instant, Cost-Effective Salary Payments

Paysend, the global card-to-card transfers pioneer and global payments platform, is announcing today a new partnership with global payroll platform Ontop, “enabling employers to make faster and more cost-effective salary payments to workers and contractors.”

Paysend will power Ontop’s new payout-to-cards capability “for employee and contractor payroll.” This will enable remote workers paid through the Ontop platform “to send their money directly to their local cards instantly and at a low cost.”

The Ontop platform “enables companies to scale internationally and currently provides employer-of-record services (EoR), compliance, and payroll services to over 950 companies worldwide.”

Remote workers who “receive payment through the Ontop platform can now conveniently transfer their funds to their VISA or Mastercard card, replacing current cumbersome arrangements involving delays and fees through the need to use the Swift system.”

To make use of the Paysend platform, contractors need “to supply their full name and bank card number, and they can instantly and directly access their money using Mastercard or Visa Rails.”

No more uncertainty “around payday, and no more Swift or intermediary bank fees. 90% of transfers arrive in 15 seconds or less.”

Juan Pablo Acosta, Head of Payments & Business Enhancement at Ontop, welcomed the partnership, saying:

“We are excited to join forces with Paysend to provide our clients with a faster, more efficient, and cost-effective solution for making global payments. This partnership aligns with our mission to provide our clients with the best payroll solutions on the market while enabling them to scale their businesses internationally.”

Jairo Riveros, Chief Strategy Officer and Managing Director for the U.S. and LATAM at Paysend, added:

“We are delighted to be partnering with one of the leading payroll brands and look forward to a close partnership with Ontop. Our market-leading card-to-card payments platform will save time and money, processing salary payments to workers quicker and more cost-effectively than via the banking network.”

As noted in the update, Ontop is “a Miami-based startup that enables businesses to make their global payroll process smooth and simple.”

Building a high-tech product to effortlessly streamline the global payroll process, they help companies “onboard new hires, sign their contracts, automate their payments, and also give their workers the possibility to access state-of-the-art financial services.”

Founded in 2020 and currently among the top Y Combinator-backed startups, Ontop empowers remote workers “from all around the world, giving them access to a new generation of financial services for global remote workers such as ‘Ontop Wallet’, ‘Ontop Visa Card’, and the Lending product ‘Ontop Peak’.”

By anticipating what global operations will look like in the future and developing solutions “to address any potential challenges, Ontop has become the go-to platform for businesses of all sizes looking to take their operations beyond borders.”

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