[Global] CloudPay partners with Nuvei for flexible payroll solutions

Canadian fintech company Nuvei Corporation and global employee pay provider CloudPay have announced a strategic partnership that enables CloudPay customers to access faster, more flexible payroll solutions, CloudPay reports.

Nuvei’s agile technology and global reach through a unified solution will give significant advantages to CloudPay customers demanding the ability to make payroll fast, flexible, and certain. 

In addition, the partnership reportedly supports a broad range of global salary payment solutions, including the capability to push salary payment to cards through Visa Direct, reducing payment times from days to 30 minutes or less.
These expanded capabilities are currently live in the US, while an expansion into new regions including APAC and Europe is expected to launch before the end of the year.

Nick Newman - CloudPay Strategic Initiatives Director - said, “This partnership enables us to meet the growing global demand for innovative payment solutions that are transforming the end-to-end employee pay process and providing new ways of attracting and retaining talent.”

Philip Fayer - Nuvei Chair and CEO - said, “We’re excited to be demonstrating yet another fantastic use case for our cutting-edge payments technology. Our mission is to enable our partners to offer a market-leading payments experience for pay-ins and payouts, bringing businesses closer to their customers, or in this case employees. Enabling CloudPay to offer a transformative payroll solution is just the latest example of how our agile, customizable platform is revolutionizing online payments globally.”

CloudPay data reportedly reveals that 95 per cent of employees who use the CloudPay NOW app choose to use their debit card to receive salary payments because the transaction is instant and available 24/7. Traditional salary payment structures rely on banks and limited hours of operation. 

There are no waiting periods when transactions are processed through Nuvei which, in some instances, allows companies to move from a biweekly pay cycle to a monthly cycle, saving time, money and resources.

“The next generation of global money movement is one where companies may soon say goodbye to the traditional, biweekly pay cycle,” Anastasia Serikova, Head of Visa Direct, Europe - said. “CloudPay and Nuvei are at the forefront of providing solutions that help workers access their pay faster. With Visa Direct, CloudPay’s clients can eliminate inefficiencies associated with traditional ways that employees are paid, and provide quick access to the money they’ve already earned.”

Source: CloudPay

(Quotes via original reporting)

Canadian fintech company Nuvei Corporation and global employee pay provider CloudPay have announced a strategic partnership that enables CloudPay customers to access faster, more flexible payroll solutions, CloudPay reports.

Nuvei’s agile technology and global reach through a unified solution will give significant advantages to CloudPay customers demanding the ability to make payroll fast, flexible, and certain. 

In addition, the partnership reportedly supports a broad range of global salary payment solutions, including the capability to push salary payment to cards through Visa Direct, reducing payment times from days to 30 minutes or less.
These expanded capabilities are currently live in the US, while an expansion into new regions including APAC and Europe is expected to launch before the end of the year.

Nick Newman - CloudPay Strategic Initiatives Director - said, “This partnership enables us to meet the growing global demand for innovative payment solutions that are transforming the end-to-end employee pay process and providing new ways of attracting and retaining talent.”

Philip Fayer - Nuvei Chair and CEO - said, “We’re excited to be demonstrating yet another fantastic use case for our cutting-edge payments technology. Our mission is to enable our partners to offer a market-leading payments experience for pay-ins and payouts, bringing businesses closer to their customers, or in this case employees. Enabling CloudPay to offer a transformative payroll solution is just the latest example of how our agile, customizable platform is revolutionizing online payments globally.”

CloudPay data reportedly reveals that 95 per cent of employees who use the CloudPay NOW app choose to use their debit card to receive salary payments because the transaction is instant and available 24/7. Traditional salary payment structures rely on banks and limited hours of operation. 

There are no waiting periods when transactions are processed through Nuvei which, in some instances, allows companies to move from a biweekly pay cycle to a monthly cycle, saving time, money and resources.

“The next generation of global money movement is one where companies may soon say goodbye to the traditional, biweekly pay cycle,” Anastasia Serikova, Head of Visa Direct, Europe - said. “CloudPay and Nuvei are at the forefront of providing solutions that help workers access their pay faster. With Visa Direct, CloudPay’s clients can eliminate inefficiencies associated with traditional ways that employees are paid, and provide quick access to the money they’ve already earned.”

Source: CloudPay

(Quotes via original reporting)