Global payroll has an infrastructure problem, and it is finally getting attention
TL;DR
Cross-border payroll moves $200B+ annually through fragmented infrastructure that lacks the shared plumbing financial markets built decades ago. Companies scale into new markets by adding vendors one at a time, creating reconciliation gaps and compliance risk. Platforms like Papaya Global are replacing that patchwork with unified gross-to-net engines, while the EU Pay Transparency Directive and GDPR keep raising the compliance bar.
Cross-border payroll moves more than 200 billion dollars a year, and until recently, nobody was building shared infrastructure for it. As one recent report on the infrastructure gap in cross-border payroll pointed out, financial markets have exchanges, trade has clearing houses, and cross-border payroll has neither. The plumbing a treasury team would have recognized in 2005 is largely the plumbing still in use today. Only the volume has changed.
That volume is only going in one direction. Global cross-border payments are projected to reach roughly 290 trillion dollars...
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