PayQuicker is excited to announce the expansion of our instant payout and local currency solution for clinical trials across Great Britain (U.K.) and the European Union (EU). This real-time digital payment solution offers secure, compliant, and seamless participant compensation to streamline payout operations for clinical trial organizers, including eliminating the need for onsite card issuing.

Addressing Payment Challenges in Clinical Trials

According to GlobalData’s 2024 Clinical Trials Report, over 60% of clinical trial participants cite timely compensation as a critical factor in engagement and retention, particularly in decentralized clinical trials. Delayed or complex payouts discourage participation, underscoring the need for instant, compliant payment solutions tailored to the unique demands of the clinical trials industry.

“The clinical trials industry requires highly tailored and compliant payment solutions to meet its unique demands,” said Kevin Zeman, VP of Partners and Relationships at PayQuicker. “Our clinical trial payment solution eliminates the friction associated with cross-border compensation by offering real-time digital payouts in local currencies, allowing clinical trial organizations (CROs) and trial sponsors to compensate participants quickly, securely, and in full compliance with regional regulations.”

Key Features of PayQuicker’s Payout Solution

• Instant access to funds through white-labeled participant pay wallets
• Flexible payments, including digital wallets, bank transfers, and virtual cards
• Automated, secure, and compliant cross-border transactions
• Elimination of manual administrative processes for trial organizers
• Seamless currency conversion for effortless international payouts

With PayQuicker’s global payouts orchestration platform, clinical trial organizations can improve the participant experience, enhance compliance, and reduce administrative burdens, making payments smarter, faster, and easier.

Powering the Future of Clinical Trial Payments

This expansion strengthens PayQuicker’s position as a leader in payouts orchestration, a rapidly evolving category in global payments. By addressing the complex, cross-border compensation needs of the clinical trial industry, PayQuicker builds on its success in other key verticals, including the gig and creator economies, direct selling, global workforce payments, and affiliate networks.