Global Payout and Tyburn Group announced that they have reached an agreement to co-develop an international eWallet payment solution for multinational corporations.
The international platform (“eWallet”) will enable multi-national companies to pay its members or employees in foreign countries through a web-based portal in several currencies. eWallet account-holders will be able to transfer money from their online account or by cell-phone to bank accounts or prepaid debit cards.
In addition, the new platform will significantly increase revenue and will replace the existing vendor platform relationships.
The company anticipates a January 2012 launch.
Managing payroll, expenses, and cross border benefits have been major challenges to multinational companies. The new solution might be able to provide an easy way to handle those challenges.
