● Ebury will support TopSource Worldwide’s growing client base of over a thousand businesses in making payments to thousands of employees 

● Ebury’s proposition allows high volume time critical payments in over 140  currencies to 200 countries alongside a dedication to customer service 

● Integration of Ebury Mass Payments helps TopSource Worldwide remove barriers  to growth for international scale-up clients  

Ebury and TopSource Worldwide are delighted to announce a new partnership that will allow clients  to accelerate their headcount growth internationally without the normal payroll and payment  challenges.  

TopSource Worldwide, the leading global payroll and employer of record provider, will make use of  Ebury Mass Payment’s technology and capabilities to provide clients with a scalable payroll payment  service that can make payments to employees based in over 200 countries across 140 currencies. 

The scalable service means that TopSource Worldwide clients, many of which have employees in  multiple global locations, will be able to quickly grow their headcounts without having to deal with  the practical challenges and cost of setting up a legal entity and payroll function on the ground in  every country they are active in. 

Ebury, a leading fintech company that simplifies cross-border trade and payments by offering  international transactions, FX hedging and account collection solutions for businesses, has developed  its own bespoke payments platform, that delivers a host of pre and post transaction functionality  including: 

• Country specific bank account and payment requirements 

• Mass beneficiary data upload 

• Pre-payment beneficiary data validation 

• Pre-go live Payment (Penny) Tests 

• Mass payment multi-currency payment file uploads 

• Automated beneficiary payment email notification 

• Exportable Transaction reports 

Ebury’s platform ensures funds are routed quickly, cheaply and in a way that minimises the risk of  deductions for employees. Ebury’s payment hub makes use of Faster Payments, SEPA, ACH and Swift  to ensure its secure payments reach the intended beneficiary without any unexpected deductions,  while its specialist customer service function is on hand 24/7 to provide assistance and advice. 

TopSource Worldwide, which was created in August 2021 following the merger of TopSource Global  Solutions and PEO Worldwide, selected Ebury Mass Payments as its global payroll partner following  a competitive tender process. TopSource Worldwide currently makes payments to thousands of  employees across over a thousand global businesses. 

Owain Walters, Managing Director of Ebury Mass Payments, commented: “We are delighted to be  partnering with TopSource Worldwide to help high growth businesses scale their international  operations. Global employment trends and the proliferation of high growth technology companies  have seen this type of ‘last mile’ payments grow in strategic importance for businesses looking to scale  up overseas.” 

Paul Sleath, CMO of TopSource Worldwide, commented: “This partnership comes at an exciting time  for the business as TopSource Worldwide continues to grow as an experienced, trusted payroll and  Employer of Record provider.  

“Delivering a reliable, high-quality service is of paramount importance to our clients, so Ebury’s  combined people and technology offering, coupled with its scale and risk management expertise made  them a natural choice for us. Previously, this kind of service was only available to the largest global  corporations, but we’re excited to bridge the gap and allow for real change.”