Enterprise security meets payment innovation
Backed by J.P. Morgan and Citibank’s infrastructure, our virtual IBAN accounts deliver bank-grade security with fintech efficiency.
Our multi-currency wallets streamline your payment workflows and provide complete visibility over your funds and global transactions.
Optimized global payment processing
Transform your cross-border payments with intelligent payment routing that minimizes fees and processing time. Our virtual IBAN accounts prioritize the most efficient payment routes in 160+ countries, reducing correspondent bank fees and FX costs by up to 30%.
Every payment is properly categorized and compliant with local regulations, whether you’re paying employees, contractors, or local authorities.
Secure infrastructure and treasury controls
Built on J.P. Morgan and Citibank’s infrastructure, our virtual IBAN solution offers more than just secure fund storage. Your funds remain in segregated accounts with full visibility and control through our treasury interface.
Monitor balances across currencies, track payment statuses in real-time, and access comprehensive reconciliation reports – all while maintaining bank-grade security standards.
Simplified global implementation
Scale your payment operations to new markets without establishing local bank relationships, launching your global payment operations in days, not months.
Our digital onboarding process fast-tracks your access to virtual IBAN accounts across 15 major currencies. Complete our streamlined KYC process, select your operating currencies, and gain immediate access to our global payment network.
funding currencies
countries you can pay in local currency
same-day payments
processed annually
Designed for global treasury operations
Virtual IBAN accounts streamline your cross-border payment operations by reducing operational complexity, maintaining complete control over your funds, and optimizing payment costs.
Here’s what our clients are saying.
Boost productivity and performance.
Papaya’s global payroll and payments technology covers it all. So you can focus on what matters — your business.
FAQs
Are my funds secured in virtual IBAN accounts?
Your funds are held in segregated customer money accounts at J.P. Morgan and Citibank, completely separate from operational funds. This ensures your money remains protected and accessible regardless of circumstances, with the security of Tier-1 bank infrastructure.
How does payment routing reduce costs?
By prioritizing efficient payment routes and reducing intermediary banks, we minimize transaction fees and FX costs. Our platform enables funding in 15 currencies and supports payments in 160+ countries, optimizing each transaction path for cost and speed.
How does virtual IBAN improve treasury management?
Virtual IBAN accounts consolidate your global payment operations into a single platform, providing real-time visibility across multiple currencies. This centralization reduces the need for multiple bank relationships, streamlines reconciliation processes, and enables better liquidity management across your global operations.
What types of cross-border payments can I process?
Our platform supports all workforce-related payments including employee payroll, contractor payments, tax authorities, and third-party vendors. Each payment type is properly categorized and processed through optimized routes, ensuring compliance and timely delivery regardless of payment type or destination.