Papaya Global, a platform specializing in global workforce payroll and payments, has announced a partnership with Sumsub, a provider of verification and compliance solutions. The collaboration aims to integrate Sumsub’s AI-powered technology into Papaya Global’s services to bolster fraud prevention and streamline customer verification.
The partnership focuses on maintaining secure and compliant payment transfers for companies and their international workforce. Papaya Global states that thorough compliance and security are paramount when handling global workforce payments, particularly for enterprise clients. Sumsub’s solutions are intended to enhance Papaya Global’s existing compliance infrastructure, enabling scalable operations while maintaining speed and accuracy.
Sumsub’s role will involve providing automated, AI-driven solutions for secure verification and fraud prevention. This is intended to ensure that Papaya Global remains compliant with regulations while facilitating efficient global payments.
Papaya Global offers payroll and payment services in over 160 countries, automating processes and offering its own licensed payments platform in collaboration with J.P. Morgan. The company highlights its same-day delivery and transparent fee structure as key features, making global payments more efficient. Papaya Global’s payment services are delivered through Azimo, its licensed payments division, which holds regulatory licenses in five Tier-1 jurisdictions.
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Sumsub’s platform provides a range of verification and monitoring services, including Know Your Customer (KYC), Know Your Business (KYB), transaction monitoring, fraud prevention, and Travel Rule compliance solutions. The company serves over 4,000 clients across various industries, including fintech, crypto, transportation, trading, e-commerce, and gaming.
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