Discover how fintech business Ebury’s Mass Payments division combines with corporate solutions provider ABN Australia to deliver payroll payment solutions to foreign clients, expanding ABN’s payment services abroad.
In order to expand ABN’s payment services abroad, the fintech company Ebury’s Mass Payments division has teamed with corporate solutions provider ABN Australia to offer payroll payments to its international clients.
ABN Australia hopes to streamline its end-to-end payroll and employer-of-record services by collaborating with Ebury Mass Payments. This will allow money to be received in a variety of foreign currencies, making it easier to pay Australian employees and other beneficiaries.
Client funds are protected and counterparty risk is minimized thanks to Ebury’s Mass Payments technology, which also makes it simple for ABN Australia’s customers to transact in several currencies. Ebury’s 99.97% payment success rate also illustrates ABN Australia’s goal of assisting international companies in succeeding in the Australian market by providing time and cost-efficient support for their operations.
Ebury Mass Payments outlined the industries it supports, including insurance companies, payroll companies, pension managers, and financial organizations. The fintech has 32 global offices and can settle in more than 200 countries using more than 130 different currencies. Ebury also disclosed that it had made over $21 billion in transactions in the previous year.
Additionally, the company has won more than 25 international honors during its history, including The Sunday Times Tech Track 100 and the Financial Times 1000 Europe’s Fastest-Growing Companies 2020.
Delivering “an improved and flexible payroll and employer-of-record service”
“We are thrilled to be working with ABN Australia to provide an enhanced and versatile payroll and employer-of-record service for their global clientele,” said Owain Walters, global managing director of Ebury Mass Payments. The standing of ABN Australia in this market, together with our depth of expertise and familiarity with payment solutions, speak to the durability and success of this alliance.
“Our international payroll specialists will offer their broad expertise to support ABN Australia to achieve the best result for their clients,” the statement reads.
The collaboration and its implications for attaining the objectives of the company were also discussed by Aaron Garry, managing director of ABN Australia. Garry said: “We are thrilled to be collaborating with Ebury’s Mass Payments business, leveraging their end-to-end global payroll payment solutions to optimize our clients’ global transactions and make sure their needs are addressed as effectively as possible. We are excited to be working with Ebury to improve and grow our services because they appeared like the ideal partner to assist us accomplish these objectives.