Global66 Reports Payments to Freelancers of Over $8 Million on Its Platform

Latin American fintech company Global66 said that up to last September, around $8 million had been moved through its platform under the concept of payments to freelancers and payroll , where the main routes were Colombia, the United States and Spain.

“We have seen significant challenges faced by these workers when receiving payments from abroad, which are associated with high costs, transaction delays, the obligation to use different platforms, and currency fluctuations that can reduce their income. Therefore, our payment button is the answer for receiving payment from freelancers, with which they will also feel 100% secure, since this tool prevents fraud by having traceability of all movements made on the platform,” said Santiago Mejía, Country Manager of Global66 in Colombia.

Global66 revealed that this sum, until September 2024, had grown by more than 57% compared to the previous year

The fintech company Global66 said that in this context, globalization demands payment methods that are fast that allow them to receive wages in a timely manner in order to fulfill economic responsibilities in their country of origin, therefore the fintech comapny Global66 shares various international collection modalities according to their needs:

Collection buttons: platforms such as Global66 allow workers to create a receipt from this button with all the data to receive payment to the company from abroad, in the same way it gives recipients the option to receive the money in dollars, Colombian pesos or Brazilian reais and to exchange currencies when it is most convenient, taking into account that both parties must have the account created on the platform.

Traditional bank transfers: they are a safe option, since most people already have an account in their countries of origin. Here it must be taken into account that for receiving international money there are high costs, documentation requirements, long waiting times and exchange rates that are unfavorable for the person receiving the money.

Digital payment platforms: an example of this could be PayPal, which is easy to use and the transaction time is much faster compared to the payment method mentioned above. This may require the use of third-party platforms to send your money to the account in the country of origin, long waiting times, does not have a physical card and may have commission costs.

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First published in Portafolio. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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