Supporting a Leading Financial Tech Company to Scale their Global Payroll from 2 to 11 Countries
A global FinTech that enables instant, secure, and compliant money transfers to over 7.5 billion bank accounts and 3.7 billion mobile wallets across multiple countries. The company serves banks, fintechs, and businesses, specialising in remittances and B2B/B2C transactions.
100%
Accuracy in Payroll
3-4 Weeks
Implementation Time
Complete
HR Advisory
11
Countries Managed
The FinTech Global Expansion Challenge
As financial technology companies expand into new markets, they face unprecedented complexity in managing global payroll operations across multiple regulatory jurisdictions.
Rapid Market Entry
FinTech companies must establish presence in new countries within months, not years, to capture market opportunities.
Complex Compliance
Each country has unique labor laws, tax regulations, and statutory requirements that demand specialized expertise.
Distributed Workforce
Managing employees across time zones, currencies, and employment models creates operational overhead.
Why Global Payroll is Critical for FinTech Success
Financial technology companies operate in one of the most heavily regulated industries globally. Every transaction, every employee, and every operational process must comply with local regulations while maintaining the agility needed to compete.
Traditional multi-vendor payroll approaches create fragmented operations, communication delays, and compliance gaps. As FinTech companies scale from 2-3 markets to 10+ countries, these inefficiencies compound exponentially.
The most successful FinTech companies recognize that payroll isn't just an HR function—it's a strategic enabler for international growth. A unified global payroll platform allows companies to enter new markets quickly, maintain compliance confidence, and focus resources on product innovation rather than back-office operations.
Complex Multi-Country Payroll Operations
A global FinTech company expanding rapidly across multiple countries faced significant operational challenges managing payroll across different regulatory jurisdictions, time zones, and vendor relationships.
Multi-Vendor Complexity
Managing multiple payroll partners across different countries created operational complexity.
Time Zone Coordination
Coordinating with vendors in different time zones caused communication delays and processing challenges.
Inconsistent Payment Cycles
Various vendor payment cycles across countries made consolidated oversight difficult.
Rapid Expansion Requirements
Rapid business expansion into new countries required quick payroll setup capabilities.
Saudi Arabia Compliance Issues
Saudi Arabia entity setup faced regulatory compliance issues with notifications from local authorities.
Limited Global Visibility
No centralised visibility into global payroll operations across growing footprint.
Integrated Global Payroll Management Framework
MYND deployed a comprehensive solution combining technology, regional expertise, and dedicated support to transform global payroll from fragmented operations to unified excellence.
Centralized Multi-Country Platform
Implemented centralized multi-country payroll solution consolidating all countries under single platform.
Dedicated Regional Support Team
Established dedicated team in Bangalore providing localized support for better time zone coverage and reach.
Employer of Record Services
Deployed Employer of Record (EOR) services to help client explore and expand into new global markets.
Saudi Arabia Compliance Resolution
Provided hands-on support for Saudi Arabia compliance setup, resolving regulatory notifications and non-compliance issues after entity establishment.
Rapid Country Onboarding
Enabled rapid country onboarding with implementation timelines of one month per new location.
Transformative Results for Global Operations
MYND's integrated approach delivered rapid expansion from 2 to 11 countries with complete operational control and compliance confidence.
Rapid Scale
Grew from 2 countries (UAE, Netherlands) in 2020 to 11 countries including managed services and EOR
Centralized Control
Single platform replacing multiple vendor relationships for simplified management
Time Zone Support
Bangalore-based team providing better reach and localized support across regions
Country Coverage
Successfully processing payroll across UAE, Netherlands, Singapore, Uganda, Tanzania, Kenya, South Africa, Malaysia, Saudi Arabia/KSA, Kuwait (EOR), Qatar (EOR), and Saudi Arabia (EOR)
Successfully Managing Payroll Across
Facing Similar Global Payroll Challenges?
Whether you're expanding into new countries, managing multi-vendor complexity, or need expert guidance on global payroll and compliance, MYND can help transform your payroll operations just like we did for this leading FinTech company.