Fintech
Remote and Nium: Answering the demand for efficient global payroll solutions
Job van der Voort, CEO and co-founder of Remote, says: “As businesses become increasingly global, so too do the complexities of compliant expansion across international borders. Our partnership with Nium is designed to directly address these complexities.
“Payroll is at the heart of any business, and our partnership gives clients even greater confidence in their abilities to grow teams that span globally and still get paid on time, every time, in their local currency, regardless of where they are in the world.”
Payroll as a critical function
The global payroll management solutions market is expected to reach $10.5 billion by 2030, with much of this growth concentrated in emerging markets, with the Philippines, Nepal, India, Pakistan, Mexico, Brazil and Colombia among the top 10 destinations for payroll management. subsidized payments from Nium in 2023.
Today, the fintech company has sent $2 billion in payroll payments to 134 countries around the world.
Prajit Nanu, CEO and founder of Nium, also highlighted the importance of this partnership for companies with global teams. “If businesses want to stay competitive, it’s critical that mission-critical payments like payroll not only work, but work well.
“Yet, companies continue to rely on legacy infrastructure or limited cross-border payment solutions to pay their employees and contractors around the world. After all, payroll isn’t just about money. It’s about finding new ways to deepen connections, improve retention, and we thank their increasingly diverse and globally dispersed employees. We are helping Remote deliver this differentiation to its customers and look forward to enabling people and businesses around the world realize the full potential of real-time cross-border payments together.”