Remote and Nium: Addressing Demand for Efficient Payroll Solutions Globally
Job van der Voort, CEO and Co-Founder at Remote says: “As companies become increasingly global, the complexities of expanding compliantly across international borders also grow. Our partnership with Nium is designed to address these complexities head-on.
“Payroll is at the heart of any business and our partnership provides customers even greater confidence in their abilities to grow teams that stretch globally and still get paid on time, every time, in their local currency – no matter where they are in the world.”
Payroll As a Critical Function
The global multicounty payroll solutions market is expected to approach US$10.5bn by 2030, and much of this growth is concentrated in emerging markets, with the Philippines, Nepal, India, Pakistan, Mexico, Brazil, and Colombia among the top 10 destinations for payroll payments facilitated by Nium in 2023.
Today, the fintech company has sent US$2bn in payroll payments to 134 countries around the world.
Prajit Nanu, CEO and Founder at Nium, also highlighted the significance of this partnership for businesses with global teams. “If businesses want to stay competitive, it’s crucial that mission-critical payments like payroll don’t just work, but work well.
“And yet, companies continue to rely on legacy infrastructure or limited cross-border payment solutions to pay their employees and contractors worldwide. After all, payroll isn’t just about money. It’s about employers finding new ways to deepen connections, improve retention, and say thank you to their increasingly diverse and globally dispersed employees. We’re helping Remote deliver this differentiation to its customers and look forward to enabling people and businesses all over the world to realise the full potential of real-time cross-border payments together”.
