Remote work is no longer a trend—it’s the new standard. By the end of 2024, over 28% of employees worldwide were working remotely at least part-time. This shift has forced companies to rethink how they manage payroll across borders.
For institutional traders and OTC providers, who operate with high-frequency, multi-currency capital flows, traditional payroll models create friction: long settlement times, opaque exchange rates, and fragmented compliance frameworks are daily pain points. With the global payroll and contractor payments market expected to surpass $1.5 trillion by 2026, the stakes—and the inefficiencies—are higher than ever.
The evolution of payroll: Modern solutions to global challenges
Modern payroll infrastructure is not just solving problems—it’s setting a new benchmark for how global payroll should operate.
Today’s payroll leaders need more than fast transactions—they need automated, event-driven orchestration. From real-time currency conversion to tax reporting and KYC validations, platforms like Bitso Business enable comprehensive workflow automation through a single API.
According to Deloitte, 53% of multinational companies plan to expand their workforce in Latin America over the next two years. These companies demand solutions that scale across markets without multiplying entities or integrations.
With over 20 jurisdictions updating their digital payment regulations in 2024, businesses need providers that offer built-in, jurisdiction-specific compliance. Bitso Business is licensed in Mexico, Brazil, Argentina, Colombia, and holds a DLT license in Gibraltar—ensuring full compliance with a single integration.
Real-world case: How Higlobe and Bitso are redefining payroll
Higlobe, a fintech designed to serve freelancers across Latin America, is a textbook example of how payroll can evolve. Frustrated with the slow, costly legacy systems, its founder—himself a global worker—launched a platform to fix the pain points experienced by over 70 million freelancers across the region.
With Bitso’s infrastructure, Higlobe eliminated the need for pre-funded bank accounts and gained multi-country scalability, regulatory clarity, and full automation. They now operate in Mexico, Brazil, and Argentina, with plans to expand to Chile and Colombia in 2025.
From payment processing to strategic infrastructure
The digital transformation of payroll is already underway—and it’s not just about faster payments. For institutional actors like traders and OTC providers, payroll is becoming a strategic infrastructure layer. Bitso Business empowers companies to turn payroll into a competitive advantage, reducing capital lockup, improving liquidity, and unlocking scale.
Is your payroll infrastructure ready for a real-time, remote, borderless economy?
With Bitso Business, payroll becomes a strategic lever for global expansion.