Instant Salary Payments awarded GOLD in the 3rd Annual 2023 Globee® Awards for Disruptors
Andover, June 1 2023 – CloudPay is delighted to announce that our Instant Salary Payments solution has been honored as a GOLD winner in the prestigious 3rd Annual 2023 Globee® Awards for Disruptors.
The Globee Awards for Disruptors is an esteemed program that recognizes and celebrates organizations and individuals who have made significant contributions in driving disruptive innovation across various industries. The awards highlight the achievements and impact of disruptive leaders, companies, and products, and serves as a platform to honor those who have revolutionized industries through their visionary thinking and innovative solutions.
CloudPay’s Instant Salary Payments solution is a new method of money movement, making 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.
“We are truly honored to be named as a GOLD winner in the 3rd Annual 2023 Globee Awards for Disruptors,” says Nick Newman, Strategy Director, Treasury at CloudPay. “This prestigious recognition is testament to our talented team members who continuously strive to push the boundaries so that people can be paid accurately, on time, every time, everywhere. It demonstrates our mission to transform our industry and deliver the Modern Pay Experience with fast, flexible access to salary funds, which is hugely valuable for employers and employees alike and inspires us to continue driving positive disruption in our industry.”
“Congratulations to all the remarkable disruptors who have been recognized and celebrated in the 3rd Annual Globee Awards for Disruptors,” says San Madan, President of Globee Awards. “Your relentless pursuit of innovation and your ability to challenge the status quo have set you apart as true game-changers in your respective industries. Your visionary ideas, groundbreaking solutions, and unwavering determination have not only disrupted the market but also inspired others to reimagine what is possible. Keep disrupting, keep pushing boundaries, and keep shaping the future. The world needs more disruptors like you. Well done!”
More than 200 judges from around the world representing a wide spectrum of industry experts participated in the judging process. See the complete list of 2023 winners here: https://globeeawards.com/disruptor/winners/