Global Freelance and Remote Workforce Payments Undergo Real-Time Revolution by Thunes and Ontop

In a groundbreaking move, Thunes and Ontop have partnered to transform the payment landscape for freelancers and remote workers worldwide. This collaboration aims to provide a seamless, real-time payment experience, enabling instant, local currency payouts directly to bank accounts in over 150 countries [1][2][3].

According to Thomas McAllister, Chief Financial Services Officer of Ontop, fast, reliable, and inclusive financial access is essential for the future of global work [1]. Kyle Rosen, Head of Americas at Thunes, echoed this sentiment, stating that Thunes' capability to deliver instant, cost-effective cross-border payments at scale makes their platform ideal for managing freelance and remote worker payouts [2].

This partnership leverages Thunes' Direct Global Network for instant local currency payouts, eliminating the delays and friction of traditional cross-border payments [3]. For instance, freelancers in Costa Rica, India, the Philippines, South Africa, Vietnam, and the UK can now access their earnings immediately and securely [1][2][3].

Key impacts of this collaboration include:

Real-time access to earnings: Freelancers and remote workers no longer face days-long delays. They receive payouts instantly through Ontop’s platform, powered by Thunes’ Direct Global Network infrastructure [1][2][5].
Local currency payouts: Payments occur in local currencies, reducing exchange rate losses and avoiding intermediary fees, which boosts financial inclusion and efficiency for workers in emerging markets [1][3].
Enhanced financial tools: Ontop integrates multicurrency payouts with digital wallets, global Visa cards, and financial management features, helping remote professionals better manage their finances in one platform [1].
Support for businesses hiring globally: The partnership accelerates the growth of companies in the US and Latin America by simplifying payroll across borders with fast, reliable, and inclusive payments, providing a competitive advantage for businesses engaged in remote work [1][3].
Social mobility and financial inclusion: By promoting smooth, instant payments, the collaboration fosters social mobility, especially in regions with inconsistent banking access, improving the livelihood and financial empowerment of freelancers globally [3].

The global freelance platform market is expected to grow by more than 16% each year from 2024 to 2030 [6]. With over 1.57 billion self-employed workers globally, representing approximately 47 percent of the global workforce [7], the need for efficient cross-border payment solutions is more pressing than ever.

Ontop, headquartered in the US, is enhancing its Financial Services offering by providing real-time access to earnings for freelancers and remote workers. This collaboration aims to accelerate the growth of Ontop's business customers in the US and Latin America [1].

In summary, this partnership between Thunes and Ontop significantly improves the real-time payment experience for freelancers and remote workers worldwide, making remuneration for remote and freelance work faster, more secure, and more accessible across many countries [1][3][5].

[1] https://www.thunes.com/blog/thunes-ontop-partnership-transforms-cross-border-payments-for-freelancers-and-remote-workers/ [2] https://www.prnewswire.com/news-releases/thunes-and-ontop-partner-to-provide-real-time-payments-to-freelancers-and-remote-workers-301516309.html [3] https://www.finextra.com/newsarticle/34605/thunes-partners-with-ontop-to-offer-real-time-payments-to-freelancers-and-remote-workers [4] https://www.ontop.com/ [5] https://www.linkedin.com/company/thunes/ [6] https://www.grandviewresearch.com/industry-analysis/global-freelance-platform-market [7] https://www.worldbank.org/en/topic/labor/brief/self-employment-and-micro-and-small-enterprises

Global Freelance and Remote Workforce Payments Undergo Real-Time Revolution by Thunes and Ontop