February 21, 2019 – PayAsia, a Singapore-based International payroll provider, has appointed Frontierpay to assist with its daily operations by providing international payments services. The company manages employee salaries and provides a cloud-based payroll platform for businesses based primarily in Asia, ensuring payroll is successfully completed across the APAC region and beyond.
Utilising its extensive network of over 140 currencies, Frontierpay will be assisting PayAsia by providing foreign exchange and payments across Asia and beyond. By executing payroll payments in local currencies, the partnership ensures clients’ employees get paid on time, in full, while also reducing the monthly payroll life-cycle. Frontierpay will also optimise the payroll payment routing process to ensure local currency settlement to employees resulting in significant savings on bank charges for PayAsia, their clients, and the end employees. PayAsia is further able to see operational benefit through Frontierpay’s intuitive online platform, allowing them to centralise the entire global payroll payment and multi-currency management process into one simple login.
Mark Samlal, Chairman and Group Director at PayAsia commented, “We have been focused on our Global Treasury function and with Frontierpay, we have found a partner whose technology’s will be a key module of our Global SaaS solution HROnline. Frontierpay’s expertise has allowed PayAsia to offer a solution which provides time and cost benefits for our customers for their payroll payments, and also allows PayAsia to streamline its own corporate treasury function. Having proven the benefits on time and cost saving, we are determined to ramp up this offering across our broader customer base.”
Owain Walters, CEO of Frontierpay, commented, “Managing payroll across different countries is a task that is becoming as necessary as it is complex, with businesses increasingly hiring employees in other countries and having multiple bases around the world. For a company such as PayAsia, access to competitive foreign exchange rates and the ability to make unhindered international payments are vital in order to effectively service its customers. We are delighted to be working with PayAsia and indeed, for Frontierpay to be making further strides from our new office in Singapore”