HR & Payroll
BIPO Accelerates Global Payment Transactions with WorldFirst for Faster Cross-border Payment Settlements
BIPO, a leading HR tech and payroll solutions provider, partners with WorldFirst to enhance its global payment capabilities, bringing faster, more efficient cross-border transactions, with same-day settlement in selected markets. This creates a more agile payment framework to support its growing portfolio of multinational customers.
WorldFirst’s all-in-one cross-border payment and financial solution complements our payment infrastructure to serve our global clients with speed and confidence.
Dresden Zhang
Chief Strategy Officer, BIPO
Background: BIPO elevates its payment capabilities as it scales into new global markets
BIPO provides cross-border HR services, payroll and compliance management for businesses operating globally. Through its tech-enabled HR Management System, global payroll outsourcing and Employer of Record (EOR) services, it supports customers across multiple industry verticals, in more than 170 countries and regions.
As BIPO’s business expands, the reach and volume of its cross-border payment transactions continue to grow. Enhancing the speed, efficiency and visibility of these transactions remains a key priority for BIPO as it strengthens its global service offerings.
Challenges: Accelerating cross-border payments to support global growth
As its operations expand, BIPO continues to focus on three areas:
- Speed and accuracy in payment settlements.
Cross-border clearings, multi-currency processing and FX controls through traditional channels can lengthen settlement times. BIPO requires payment transactions to be completed more quickly across the markets it operates in.
- Unified multi-currency account management.
As the business grows, a clear view of currencies and accounts is crucial. Finance teams benefit from the visibility into payment transactions – including real-time reporting and forecasts – to maintain consistency across markets.
- Greater FX efficiency.
Cross-border payments involve multi-currency conversions, and the impact of FX rate fluctuations adds up across high transaction volumes. Transparent pricing helps BIPO manage the overall cost of payment transactions with confidence.
Enterprise Solution: Strengthening cross-border payment capabilities with WorldFirst
With a payment network spanning more than 210 countries and regions, WorldFirst extends BIPO’s reach and supports seamless payment transactions across borders.
- Direct access to local payment networks for faster cross-border transfers
By leveraging WorldFirst’s local clearing networks worldwide, BIPO can execute payment transfers across multiple countries and regions. Cross-border payments that previously took multiple days through traditional channels now settle faster – within the same day in some markets.
- Multi-currency collection and streamlined account management
With WorldFirst, BIPO can transact in multiple currencies and manage accounts across entities with ease, giving its finance team full visibility into cross-border payments. That transparency translates into predictability when managing a growing international business.
- Transparent, real-time FX rates to control conversion costs
Transparent, real-time FX rates available through WorldFirst help BIPO enhance the efficiency of its global payment transactions.
We needed a partner whose capabilities covered the markets where we make payments. Backed by Ant International, WorldFirst Enterprise combines flexibility and reach to support our continued expansion, while streamlining how we manage payments across markets.
Dresden Zhang
Chief Strategy Officer, BIPO
Benefits: Cross-border payments built for international growth
WorldFirst's global payment solutions enhance BIPO's cross-border payment capabilities, supporting faster payment processing as the company expands its multinational customer base.
Speed, efficiency and oversight across markets
Faster transfers and multi-entity management simplify how BIPO’s finance team oversees cross-border payment transactions.
Streamlined operations
Automation features and custom approval workflows help BIPO’s finance team handle growing multi-currency payment volumes with greater speed, accuracy and consistency.
Enhanced cost efficiency
Transparent, real-time FX rates through WorldFirst help BIPO optimise currency conversion costs, strengthening its competitiveness and the value it brings to clients worldwide.
Greater financial transparency
Real-time visibility into payment transactions and reporting complements BIPO's existing financial processes so finance teams stay informed as they manage payments in each market.
BIPO, founded in 2010, is an HR tech and payroll solutions provider supporting global businesses with cross-border HR services, payroll and compliance management. Its technology-led platform brings together an HR Management System (HRMS), global payroll outsourcing and Employer of Record (EOR) services to streamline international HR operations. Headquartered in Singapore, BIPO operates a global network of over 50 offices across Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa, serving more than 5,600 businesses, over 700,000 employees in 170+ countries and regions.
- Industry
- Location
Singapore
- Company Size
Enterprise, with a worldwide service network in 170+ countries and regions
WorldFirst Capabilities Used
Cross-border payment transfers
Multi-currency account
AI FX
