95%
same-day global payments
99.7%
successful payments
160+
countries where you can pay in local currency
Streamline your cross-border payments from Canada
Local Funding, Global Reach
Fund in CAD, pay out globally. No need for multiple foreign accounts like Canadian banks require. Your funds stay secure with J.P. Morgan.
Rapid Cross-Border Payments
Track payments to 160 countries in real time. Unlike Canadian SWIFT transfers, we guarantee landing dates with full visibility.
Optimized FX Rates & Reduced Fees
We beat Canadian banks on FX rates and fees. Save significantly on every international payment you make.
Exotic Currency Support
Reach 130 currencies, far beyond Canadian banks’ limits. Pay locally even in hard-to-access markets that challenge your competitors.
Seamless Automation
Integrate systems to eliminate manual entry common with Canadian banks. Process thousands of payments in one click.
Efficient Mass Payments
Surpass Canadian banks’ international payment capacity. Ideal for managing seasonal workers abroad or rapid global expansion.
Real-time Monitoring and Fraud Prevention
Our real-time monitoring outperforms Canadian banks’ reactive approach. Secure your global transactions from start to finish.
Leverage Tier 1 Bank Infrastructure
Combine fintech agility with major bank networks. Get faster settlements and better rates than typical Canadian bank offerings.
Feature
KYC process to open a virtual IBAN account
Cross-Border Payment Speed
FX Rates
Transfer Fees
Currency Coverage
Payment Options
Funding
Real-Time Tracking
Automation
Recurring Payments
Mass Payments
Exotic Currency Support
Integration with Payroll
Guaranteed Landing Date
Flexible Funding Options
Feature
KYC process to open a virtual IBAN account
Up to 14 days
Cross-Border Payment Speed
Up to 2 days for most transactions
FX Rates
Optimized wholesale rates
Transfer Fees
Reduced fees
Currency Coverage
130+ currencies, including exotic currencies
Payment Options
Bank accounts, cards, e-wallets
Funding
Funding in CAD
Real-Time Tracking
Full visibility on all transactions
Automation
Data connectors and API for seamless integration
Recurring Payments
Easy setup for automatic recurring payments
Mass Payments
Process multiple transactions in multiple currencies with a single payment file
Exotic Currency Support
Extensive coverage for niche markets
Integration with Payroll
Direct integration capabilities
Guaranteed Landing Date
Available for all transactions
Flexible Funding Options
Fund in CAD, or choose one of 14 major currencies supported
Feature
KYC process to open a virtual IBAN account
Few weeks to a few months, depending on the bank
Cross-Border Payment Speed
3-5 business days on average
FX Rates
Often less competitive, with wider spreads
Transfer Fees
High SWIFT fees for international transfers
Currency Coverage
Usually handle limited major currencies (such as USD, EUR, GBP)
Payment Options
Primarily bank-to-bank transfers
Funding
Funding in CAD
Real-Time Tracking
Limited tracking capabilities
Automation
Often require manual processes
Recurring Payments
May require manual initiation
Mass Payments
Flexibility depends on each bank
Exotic Currency Support
Limited options for exotic currencies
Integration with Payroll
Often requires separate systems
Guaranteed Landing Date
Not typically guaranteed
Flexible Funding Options
Usually limited to account currency
See Canada PaymentsPedia, case study, and blog
Explore a Canadian corporation’s journey to efficient global workforce payments
How a leading Oil and Gas multinational company overcame challenges in managing cross-border payments from Canada
Workforce Payments Guide Canada
The Smart Way for Canadian Companies to Pay Global Workers in Emerging Markets
Global workforce payments for Canadian companies
For secure, on-time payments funded in Canadian dollars and paid in 160 countries in their local currency, talk to one of our payments experts
Canada cross-border workforce payments FAQS
Is Papaya Global regulated in Canada?
We operate in Canada through Azimo Canada Inc., a local entity belonging to the Papaya Global Group and regulated by local Canadian authorities. For details, please check our payment licenses page
Can I fund payments in Canadian Dollars (CAD) for international transactions?
You can fund your global payments in CAD, and we’ll handle the conversion to the local currencies.
How does Papaya Global’s FX pricing compare to Canadian banks?
We offer highly competitive FX rates that are typically more favorable than those offered by Canadian banks, potentially saving you significant amounts on large or frequent transactions.
Can Papaya Global handle payments to Canadian tax authorities?
Our system supports payments to tax authorities in Canada and internationally, ensuring compliance with local regulations.
What types of businesses in Canada can benefit from Papaya Global’s payments services?
Any Canadian business with international payment needs can benefit, including tech companies, manufacturers, and service providers with global operations or remote international workers.