Aspire Becomes First Fintech to Integrate Directly with Payboy, Streamlining Payroll Management
SINGAPORE - Media OutReach Newswire - 10 June 2025 - Aspire, the all-in-one financial operating system for modern businesses, today announced its integration with Payboy, one of Asia's leading payroll software providers, serving over 70,000 users across the region. This integration marks Aspire as the first fintech company to directly integrate with Payboy, streamlining payroll operations for growing businesses.
Payroll management is traditionally a cumbersome process. Businesses often spend valuable hours manually reformatting payroll files for bank transfers, increasing the risk of errors and operational disruptions. In fact, 52% of Singaporean HR professionals report spending up to 6 hours per week troubleshooting payroll errors, revising records, or querying data, time that could otherwise be directed towards strategic business growth and productivity.
The new integration directly addresses these challenges by enabling a seamless export of payroll data. Businesses can effortlessly export payroll files from Payboy and import them directly into Aspire without any additional manual reformatting. This streamlined process drastically reduces error rates and administrative workload, enabling payroll to be executed efficiently in just two simple steps: export and upload.
'We are proud to be the first fintech to integrate with Payboy,' said Andrea Baronchelli, CEO and Co-Founder of Aspire. 'Aspire is leading the way in simplifying financial operations. We're not just offering faster payroll, we're redefining what modern, automated finance should look like for ambitious businesses.'
'This collaboration represents a shared vision of what business tools should be: intuitive, compliant, and built for growth,' said Raphael Ng, General Manager of Payboy. 'Together with Aspire, we're helping teams move faster with confidence, and enabling data driven decisions.'
The partnership supports Aspire's broader vision of streamlining business finance through seamless integrations with trusted tools. The Payboy integration expands Aspire's suite of payroll integrations, reinforcing its commitment to automating and simplifying financial operations for Singaporean entrepreneurs and businesses.
The integration is now live and available to Aspire users in Singapore, create an account at aspireapp.com.
https://aspireapp.com/
https://www.linkedin.com/company/aspireapp-global/
The issuer is solely responsible for the content of this announcement.
Aspire
Aspire is the all-in-one finance platform for modern businesses globally, helping over 50,000 companies save time and money with international payments, treasury, expense, payable, and receivable management solutions - accessible via a single, user-friendly account.
Headquartered in Singapore, Aspire has 600+ employees across nine countries, clients in 30+ markets and is backed by global top tier VCs, including Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal. In 2023, Aspire closed an oversubscribed US$100M Series C round and announced that it has achieved profitability.
Aspire
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
7 hours ago
- Khaleej Times
Saudi crude oil supply to China to dip in July, sources say
Saudi Arabia's crude oil supply to China is set to dip slightly in July, trade sources said on Tuesday, but still strong for a third straight month as the OPEC leader regains its market share supplying the world's top crude importer. State oil firm Saudi Aramco will ship about 47 million barrels to China in July, a tally of allocations to Chinese refiners showed, 1 million barrels less than June's allotted volume. State refiners Sinopec, PetroChina and Aramco's joint venture Fujian refinery will be receiving more crude in July, while the allocation for independent refiners Rongsheng Petrochemical, Hengli Petrochemical and Shenghong Petrochemical will dip, the sources said. Saudi Aramco did not immediately respond to a request for comment. The robust Saudi supply comes after the Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed to hike output in July by 411,000 barrels per day for a third consecutive month. Since April, the OPEC+ eight have now made or announced increases totalling 1.37 million bpd, or 62% of the 2.2 million bpd they aim to add back to the market.
Arabian Business
7 hours ago
- Arabian Business
Energy
Petrochem founder Yogesh Mehta reflects on a life built from hardship, a company forged from belief, and the handover to a new generation. This is a story about business. But more than that – it's a story about what it means to live well
The National
11 hours ago
- The National
World Bank lowers global growth forecast on tariff war
The global economy is set to suffer the consequences of heightened trade tension and policy uncertainty, with the World Bank estimating the pace of growth to fall to the slowest level since 2008 outside of global recessions. The Washington-based multilateral lender projects world economy to expand 2.3 per cent this year, about half a percentage point lower than the estimates at the start of the year, it said in its latest Global Economic Prospects report. The turmoil caused by Washington's bid to levy historic tariffs on its global trade has resulted in 'growth forecasts being cut in nearly 70 per cent of all economies – across all regions and income groups', the lender said on Tuesday. Global growth is projected to slow to 2.3 per cent this year, about half a percentage point lower than the rate that had been expected at the start of the year. A global recession is not expected. Nevertheless, if forecasts for the next two years materialise, average global growth in the first seven years of the 2020s will be the slowest of any decade since the 1960s. 'Outside of Asia, the developing world is becoming a development-free zone,' World Bank Group's chief economist Indermit Gill said. Trending down for three decades Growth in developing economies has been ratcheting down for three decades – from 6 per cent annually in the 2000s to less than 4 per cent in the 2020s. 'That tracks the trajectory of growth in global trade, which has fallen from an average of 5 per cent in the 2000s to … less than 3 per cent in the 2020s. Investment growth has also slowed, but debt has climbed to record levels,' Mr Gill added. The World Bank forecast for the global output is even more conservative than that of the International Monetary Fund's, which in April, slashed its growth projections on tariffs hitting 100-year highs. The IMF also warned that trade tension between the world's two largest economies and Europe would further slow growth. The fund lowered its 2025 global growth forecast by 0.5 percentage point to 2.8 per cent. Although Washington has paused the historic high tariffs for a 90-day period and is negotiating with China and its other trading partners including the EU, the uncertainty has already hit global economic and trade activity. Global economic headwind is expected to hurt about 60 per cent of all developing economies this year, that are set to rise by 3.8 per cent in 2025, more than a percentage point lower than the average of the 2010s. Low-income countries are expected to grow by 5.3 per cent this year – a downgrade of 0.4 percentage point from the forecast at the beginning of 2025, the World Bank said. Against rising trade barriers, developing economies should 'seek to liberalise more broadly by pursuing strategic trade and investment partnerships with other economies and diversifying trade – including through regional agreements', the World Bank said. Regional outlook In the Middle East and North Africa region, the lender expects aggregate gross domestic product to expand 2.7 per cent this year and further strengthen to an average of 3.9 per cent in 2026 and 2027. In East Asia and Pacific, growth is expected to slow to 4.5 per cent this year and further weaken to 4 per cent on average in the next two years. The World Bank expects Europe and Central Asia region economy to slow to 2.4 per cent this year, edging up slightly 2.6 per cent in 2026 and 2027. South Asian economy is set to moderate to 5.8 per cent this year, while sub-Saharan African economic output is expected to edge up slightly to 3.7 per cent in 2025, according to world Bank data.
