ANDOVER, UK – 6 June 2024 – We are excited to announce that our industry leading solution, Instant Salary Payments, has been honored with not one, but two prestigious awards at the 4th Annual 2024 Globee® Awards for Disruptors.

This year CloudPay is taking home GOLD in the Emerging FinTech and Payment Solution Disruptors category and SILVER in the FinTech, Financial Services, Payments and Banking disruptors for our Instant Salary Payments solution. This innovating method of money movement makes it possible to pay employees directly to their debit or credit card virtually anywhere in the world in as little as 30 seconds. It has transformed how and when employees are paid. Instant Salary Payments also enables on-demand access to earned wages, delivered through our mobile app, giving employees ultimate control of how and when they access their pay, with minimal disruption to company payroll departments.

Businesses too can benefit from crucial time savings and financial gains with Instant Salary Payments. Salary payments can now be processed on the nominated payroll day, rather than having to allow time for payments to make their way through the banking system. These time savings of typically 2 to 3 days are critical for payroll teams giving them more time to achieve accurate and timely salary payments. It also means that capital can stay in employer bank accounts for longer, aiding cash flow and potentially boosting interest payments.

The Globee Awards for Disruptors is a celebrated program that acknowledges organizations and individuals who have made groundbreaking contributions in driving disruptive innovation. The awards are dedicated to recognizing those who have redefined norms, created new market opportunities, and transformed industries through visionary thinking and innovative solutions.

“We are incredibly proud to be named winners in the 4th Annual 2024 Globee Awards for Disruptors. This prestigious recognition is testament to our talented team members who continuously strive to push the boundaries in payroll innovation so that people can be paid accurately, on time, every time, everywhere. We are grateful to the esteemed panel of judges for this honor and are inspired to continue pushing the boundaries of payroll to better serve our clients better and drive positive disruption in our industry.”

Nick Webb, CMO at CloudPay

“Congratulations to all the exceptional disruptors celebrated in the 4th Annual Globee Awards for Disruptors. Your relentless pursuit of innovation and ability to challenge the status quo distinguish you as true game-changers in your fields. Your visionary ideas, groundbreaking solutions, and steadfast determination have not only disrupted the market but also inspired others to reimagine what is possible. Keep innovating, keep pushing boundaries, and keep shaping the future. The world needs more disruptors like you. Well done!”

San Madan, President of Globee Awards

The complete list of 2024 winners can be found here: https://globeeawards.com/disruptor/winners/

ENDS