Thunes and Ontop Transform Global Freelance and Remote Workforce Payments with Real-Time Payouts
The emergence of new fintech technologies continues to reshape the global workforce landscape, with recent developments allowing businesses to unlock real-time global payments for their remote workers. Thunes, a leading platform for international money movement, has announced a collaboration with Ontop, a comprehensive payroll and financial platform servicing companies in over 150 countries.
Ontop, headquartered in the US, is enhancing its financial services by providing freelancers and remote workers real-time access to their earnings, regardless of their location. By leveraging the capabilities of Thunes’ Direct Global Network, Ontop users can now enjoy instant local currency payouts to bank accounts across diverse markets including Costa Rica, India, the Philippines, South Africa, Vietnam, and the UK. This advancement addresses the common delays and challenges associated with traditional cross-border payments.
With Thunes recently obtaining Money Transmitter Licenses in 50 U.S. states, their ability to offer real-time payment solutions represents a significant milestone in supporting both Ontop’s business customers in the US and Latin America, and freelancers around the world. This development is particularly beneficial in emerging markets where fast, secure, and accessible cross-border payments are crucial for daily operations.
The collaboration arrives during a period of significant growth in freelance work and global hiring practices. The World Bank reports that self-employed workers comprise approximately 47 percent of the global workforce, equating to 1.57 billion individuals. Predictions foresee the global freelance platform market expanding by over 16% annually from 2024 to 2030.
Thomas McAllister, Chief Financial Services Officer of Ontop, emphasized that fast, reliable, and inclusive financial access is essential for the future of global work. He stated, “Our partnership with Thunes empowers us to deliver real-time payouts in local currencies, benefiting individuals who form the backbone of the global economy. It’s a transformative step for workers and provides a competitive edge for businesses.”
Kyle Rosen, Head of Americas at Thunes, reinforced the sentiment, noting, “Our platform’s ability to facilitate instant, cost-effective cross-border payments makes it an ideal solution for handling freelance and remote worker payouts. Together with Ontop, we’re offering a seamless payment experience that transcends international borders, promoting social mobility by allowing skilled freelancers in emerging markets to engage with and succeed in the global economy.”
The partnership between Thunes and Ontop signifies a promising evolution in the payment landscape, as both entities continue to break new ground in supporting global workforces through innovative financial solutions.
Thunes, known as the Smart Superhighway for moving money globally, offers a proprietary network enabling real-time payments in over 130 countries and more than 80 currencies. This network connects a vast array of recipients through mobile wallets, bank accounts, and payment cards, utilizing over 320 payment methods. Thunes is distinguished by its expansive reach and robust infrastructure, providing users with unparalleled speed and control in real-time global payments.
Ontop is redefining the way global workforces manage payments and employee empowerment. Beyond ensuring compliance in hiring and payroll management, Ontop provides an array of financial services tailored for modern remote professionals, including multicurrency payouts, digital wallets, global Visa cards, and rewards-based memberships. Their core offerings, such as Ontop Account, Ontop Card, and Ontop Reserve, afford workers instant access to earnings and seamless cross-border money management.
By joining forces, Thunes and Ontop are setting a new precedent in the facilitation of financial transactions for the freelance and remote work sectors, spearheading the future of global employment and economic integration.
