Multiplier, a multi-award winning global employment platform, has announced its partnership with Wise Platform to streamline global payroll for international businesses. The integration enables Multiplier’s clients to send payouts to its freelancers and contractors in 57 currencies around the world as part of Multiplier’s optimised payments infrastructure, reducing transaction times and providing real-time visibility into payment progress.
Multiplier makes it easy for companies to employ teams abroad, handling the complexities of local labor laws, compliance, employment contracts, payroll, benefits, taxes, and more through a user-friendly SaaS platform. However, freelancers and contractors in certain markets were previously having to wait up to three days to receive payments. Now, by integrating Wise Platform, freelancers and contractors can receive payouts much faster — over 50% of payments processed by Wise globally are instant — with an overall much smoother experience.
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With Wise’s fast and low-cost cross-border payments and Multiplier’s built-out payment capabilities, customers can now benefit from faster and more streamlined payouts to their freelancers and contractors. This partnership provides an all-in-one solution for Multiplier’s global customers, revolutionising the way businesses make international payments.
Vamsi Krishna, co-founder and Chief Product Officer at Multiplier, said: “Wise’s new feature allows even more Multiplier customers to use their local currency and local payment system, expanding our capabilities and bringing the Wise experience to more businesses around the world. This is a huge benefit for our customers, who choose Multiplier to make hiring, onboarding, and executing payroll for overseas employees a breeze.”
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Surendra Chaplot, Global Head of Product (Cards, Wise Business and Wise Platform) said: “We’re thrilled to team up with Multiplier to transform the payroll management experience for global businesses. With over 50% of Wise’s payments completed instantly, this integration empowers Multiplier’s clients to quickly and efficiently pay international employees and contractors in their preferred currencies.”
Wise Platform allows banks, businesses and other major enterprises to leverage Wise’s global payments network and offer cheaper, faster, easier payments to their customers from the convenience of their own platform.
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