The Latin American fintech Global66 said that until last September They have moved around US$8 million on their platform under the concept of payments to freelancers and payrollwhere the main routes were Colombia, the United States and Spain.
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“We have shown important challenges that these workers have when receiving their payments from abroad, which are associated with high costs, delays in transactions, the obligation to use different platforms and currency fluctuations that can reduce their income. . For this reason, our payment button is the answer for receiving payment from freelancers, with which they will also feel 100% safe, since with this tool fraud is avoided by having traceability of all the movements made in the platform,” says Santiago Mejía, Country Manager of Global66 in Colombia.
The fintech said that in this context, Globality demands fast payment methods that allow them to receive remuneration in a timely manner to be able to fulfill economic responsibilities in their country of origin.Therefore, the fintech shares various international collection modalities according to their needs:
• Payment buttons: platforms such as Global66 allow workers to create from this button a receipt with all the data to receive payment to the company from abroad, in the same way it gives the recipients the option of receiving the money in dollars, pesos Colombian or Brazilian reals and make the currency exchange when it is most convenient, taking into account that both parties must have the account created on the platform.
• Traditional bank transfers: they are a safe option, since most people already have an account in their countries of origin. There it must be taken into account that receiving international money involves high costs, documentation requirements, long waiting times and exchange rates that are unfavorable for whoever receives the money.
• Digital payment platforms: An example of this could be PayPal, which is easy to use and the transaction time is much faster. compared to the payment method mentioned above. This may request the use of third-party platforms to send your money to the account in the country of origin, long waiting times, does not have a physical card and may have commission costs.
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