Papaya Global Partners with Citi to Revolutionize Global Payments System
Papaya Global is making significant strides in the workforce payments ecosystem by partnering with Citi, a top-tier global financial institution, to enhance its capabilities in processing payroll and payments for businesses worldwide. On July 2, 2025, Papaya Global formally announced this strategic collaboration aimed at expanding its existing offerings to adapt to the evolving needs of modern global operations.
Eynat Guez, Co-Founder and CEO of Papaya Global, emphasized the importance of efficient workforce payments, stating, "Workforce payments are the backbone of global business operations." Through this partnership with Citi, Papaya aims to deliver reliable, compliant, and precise payment solutions for companies looking to scale their operations confidently. The goal of this collaboration is to create a seamless global payments ecosystem that alleviates operational hurdles and empowers businesses to thrive in today's interconnected landscape.
In an ever-globalizing economy, the accurate and timely payment of employees and contractors is becoming increasingly challenging, particularly for multinational organizations. Papaya highlights the complexities faced in making payments across borders, including the potential for human error, data security concerns, fluctuating foreign exchange rates, and unpredictable payment timelines following transactions.
Papaya Global's platform stands out by offering cross-border workforce payments across 160 countries and in over 130 currencies. The adoption of Citi’s advanced payment solutions allows Papaya Global to enhance visibility and control over workforce payments, thereby securing business operations and facilitating sustainable growth. By integrating solutions such as CitiConnect for API, Payer ID, and WorldLink, Papaya aims to bolster local payment capabilities, improve routing efficiencies, and ensure redundancy. This ensures a faster and more reliable payment process capable of meeting the intricate requirements of global enterprises.
Guez further noted the proactive measures Papaya has taken to enhance its payment offerings, mentioning their acquisition of Azimo for its tier-1 global payment licenses and continuous investment in developing cutting-edge payment technology. Citibank’s established payment solutions align perfectly with Papaya’s mission to ensure transparency and efficiency in global financial transactions.
With programs designed to ensure same-day delivery and transparent pricing, Papaya Global is setting new standards in the realm of international payments. Their collaboration with Citi not only completes their innovative vision but also reinforces their position as a leader in the payment solutions sector. By integrating Citi’s comprehensive payment infrastructure, PapayaGlobal is equipped to offer a holistic and adaptive approach tailored to the dynamic needs of today's businesses.
In summary, through this partnership, Papaya Global is committed to reshaping the workforce payments landscape. By harnessing Citi’s robust financial technology and expanding their own platform, Papaya aims to create a frictionless experience for businesses to manage workforce payments effectively all around the globe. The results are expected to contribute to a smoother, more connected global economy, reflecting Papaya’s dedication to driving growth and efficiency in the business payments sector.
Eynat Guez, Co-Founder and CEO of Papaya Global, emphasized the importance of efficient workforce payments, stating, "Workforce payments are the backbone of global business operations." Through this partnership with Citi, Papaya aims to deliver reliable, compliant, and precise payment solutions for companies looking to scale their operations confidently. The goal of this collaboration is to create a seamless global payments ecosystem that alleviates operational hurdles and empowers businesses to thrive in today's interconnected landscape.
In an ever-globalizing economy, the accurate and timely payment of employees and contractors is becoming increasingly challenging, particularly for multinational organizations. Papaya highlights the complexities faced in making payments across borders, including the potential for human error, data security concerns, fluctuating foreign exchange rates, and unpredictable payment timelines following transactions.
Papaya Global's platform stands out by offering cross-border workforce payments across 160 countries and in over 130 currencies. The adoption of Citi’s advanced payment solutions allows Papaya Global to enhance visibility and control over workforce payments, thereby securing business operations and facilitating sustainable growth. By integrating solutions such as CitiConnect for API, Payer ID, and WorldLink, Papaya aims to bolster local payment capabilities, improve routing efficiencies, and ensure redundancy. This ensures a faster and more reliable payment process capable of meeting the intricate requirements of global enterprises.
Guez further noted the proactive measures Papaya has taken to enhance its payment offerings, mentioning their acquisition of Azimo for its tier-1 global payment licenses and continuous investment in developing cutting-edge payment technology. Citibank’s established payment solutions align perfectly with Papaya’s mission to ensure transparency and efficiency in global financial transactions.
With programs designed to ensure same-day delivery and transparent pricing, Papaya Global is setting new standards in the realm of international payments. Their collaboration with Citi not only completes their innovative vision but also reinforces their position as a leader in the payment solutions sector. By integrating Citi’s comprehensive payment infrastructure, PapayaGlobal is equipped to offer a holistic and adaptive approach tailored to the dynamic needs of today's businesses.
In summary, through this partnership, Papaya Global is committed to reshaping the workforce payments landscape. By harnessing Citi’s robust financial technology and expanding their own platform, Papaya aims to create a frictionless experience for businesses to manage workforce payments effectively all around the globe. The results are expected to contribute to a smoother, more connected global economy, reflecting Papaya’s dedication to driving growth and efficiency in the business payments sector.
Topics Financial Services & Investing）
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