The UAE’s cross-border payments platform Hubpay has launched ‘Hubpay Payroll,’ an innovative payroll solution designed to simplify payroll management for businesses with global teams.
With businesses in the UAE expanding across borders and attracting a diverse workforce from across the globe, Hubpay’s new service provides businesses with a seamless way to efficiently pay employees worldwide, ensuring timely payments with minimal administrative effort.
Hubpay Payroll’s innovative features
Bulk Beneficiary Upload: Hubpay Payroll enables businesses to quickly upload beneficiary details using a simple CSV file, saving valuable time and effort when managing global payroll.
Easy Mass Payments: With Hubpay’s seamless mass payments functionality, businesses can ensure that their employees across the world are paid on time and with minimal administrative work.
Competitive Exchange Rates: Hubpay’s transparent FX pricing model offers businesses highly competitive exchange rates, with no hidden fees or charges, helping to minimize costs and improve the bottom line.
As the UAE aims to emerge as a global business and financial hub, the demand for streamlined payroll solutions that can handle complexities of international payments and currencies has grown significantly. Hubpay’s new service addresses this need by helping businesses of all sizes streamline their payroll management.
Kevin Kilty CEO and Founder – Hubpay
“As the UAE continues its drive to grow the number of SMEs to over 1 million by 2030, Hubpay is proud to contribute to this vision with our new payroll service. We understand the challenges that businesses face in managing global payroll, and through the Hubpay Payroll platform, we aim to make it easier for businesses to operate and scale internationally while remaining compliant and efficient. This aligns directly with the UAE’s broader goal of fostering SME growth and positioning the country as a leading global business center.”
Fully integrated with Hubpay’s secure cross-border payments network, the new payroll service ensures that businesses can handle both their payroll and financial transactions from a single platform.
The cutting-edge service is designed to be scalable, making it an ideal solution for businesses of all sizes – ranging from start-ups to large enterprises with global workforces.
This payroll solution complements the Hubpay line up of business solutions, which has recently included the introduction of a digital business account for SME businesses, enabling them to reduce the standard account processing times and get set up within 24 hours.
Hubpay is dedicated to adhering to FSRA regulations, including strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols. These standards have been carefully integrated into the client onboarding process, ensuring compliance at every step.
Furthermore, Hubpay stands out as the first independently regulated FinTech in the UAE licensed to do cross-border and local payments, and the platform has successfully completed fundraising of over $30 million to support its ongoing mission to provide world-class cross-border payment solutions that help companies, people, and countries thrive.
