Payasia Singapore Pte Ltd

What Payasia Singapore Pte Ltd does

PayAsia Singapore Pte Ltd is a Singapore-headquartered multi-country payroll and HCM services provider serving multinational enterprises expanding across Asia Pacific, Middle East and Africa. Founded in 2005–2006 and operating as a subsidiary of ASX-listed PayGroup Limited, the company runs 14 international offices across Singapore, Australia, India, Malaysia, Thailand, Vietnam, Philippines, Hong Kong, Indonesia and Japan, claiming delivery in 80+ countries for 2,500+ clients and processing more than 7.5 million payslips per annum.

The product portfolio is built on a platform-plus-modules architecture. The core is managed multi-country payroll BPO delivered with single-vendor accountability, statutory lodgement services (pensions, taxes, social benefits), and treasury/cross-border payment execution with forex management. The proprietary technology layer includes HROnline, a cloud-based HRIS with employee self-service, e-leave, e-claims, document management and configurable workflows, and TalentOz, a Hire-to-Retire HCM platform acquired in July 2020 that extends the suite into onboarding, benefits and full employee lifecycle management. Infrastructure runs on AWS and the company augments its proprietary 80-country footprint via a Global Partnership Program spanning UKG, CloudPay, Immedis, SD Worx, CDP Group, Payroll Inc., MHR, Flare HR, Cisive and Ensaan, extending effective coverage toward 130+ markets.

Revenue is generated through a mix of recurring managed services fees scoped by country, employee headcount and module selection, SaaS subscription fees for HROnline and TalentOz, transaction fees on cross-border payments, and project-based implementation and consulting services. Pricing is not publicly disclosed. Go-to-market is enterprise field sales via dedicated regional business development teams, targeting MNEs as the primary segment with SMEs and shared services organizations as secondary segments. Gartner has named PayAsia a Representative Vendor in its Market Guide for Multicountry Payroll Solutions for three consecutive years through 2020.

Name

Payasia Singapore Pte Ltd

Legal name

PayAsia Singapore Pte Ltd

Website

https://payasia.asia

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

251–500 employees

Short description

PayAsia Singapore Pte Ltd is a multi-country payroll BPO and HCM SaaS provider serving multinational enterprises across Asia Pacific, Middle East and Africa, processing 7.5 million+ payslips annually for 2,500+ clients in 80+ countries.

Ownership category

akta.pro rank

Product category

Multi-Country Payroll & HR Outsourcing Services

NAICS

Payroll Services (541214), Accounting, Tax Preparation, Bookkeeping, and Payroll Services (54121), Professional Employer Organizations (561330)

SIC

Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Global Payroll & Multi-Country Payroll Management (BPACAHAC)

akta.pro secondary industries

Payroll Outsourcing & Pay Administration (Multi-country/Managed Payroll) (BPACAKAD), Full-Service Payroll Processing (BPACAIAA), Payroll Software & Payroll-as-a-Service (SaaS) (BPACAIAB), Human Capital Management (HCM) & Payroll Platforms (HDAEAEAJ), International Payroll & Contractor Payments (FSAMAIAC)

Keywords

• Multi-country payroll
• Payroll outsourcing
• Global HR services
• Payroll compliance
• Cloud HR platform

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Payroll BPO Services: Managed payroll processing services delivered as a fully managed BPO offering. Clients receive single contract solutions covering multi-country payroll administration, statutory compliance, and reporting. Revenue is generated through recurring service fees based on scope of countries, employee headcount, and service modules selected.
2. HCM Software Subscriptions: SaaS-based HCM software offerings including HROnline and TalentOz platforms providing modules for payroll, recruitment, leave management, claims processing, and asset management. Revenue generated through subscription fees with modular pricing based on feature access and user count.
3. Treasury and Payment Services: Cross-border and domestic payment processing services including currency conversion and forex management. Services leverage existing banking infrastructure to provide competitive rates for HR-related payments.
4. Lodgement Services: Statutory compliance lodgement services for pension funds, taxation, and other social benefits across 80+ countries. Single vendor solution for mandatory and voluntary lodgement requirements.
5. Consulting and Implementation: Implementation and transition services for payroll system setup, configuration, and ongoing change management. Project-based professional services supporting client onboarding and system integration.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

PayAsia Singapore Pte Ltd delivers end-to-end multi-country payroll processing and human resources outsourcing services to multinational enterprises and growing companies across 80+ countries. Its offering combines BPO payroll operations, statutory lodgement and treasury services with two proprietary cloud platforms — HROnline (cloud HRIS) and TalentOz (hire-to-retire talent management) — supported by consulting, implementation and partner programs delivered through 14 international offices.

Product overview

PayAsia operates as a unified HCM and payroll platform with a core payroll service offering supplemented by multiple integrated modules. The portfolio consists of Local & Multi-Country Payroll as the foundational service, supplemented by Consulting & Implementation Methodologies for deployment, Lodgement Services for statutory compliance, and Treasury Services for payment execution. The company also offers HROnline, a cloud-based HRIS providing employee self-service, e-leave, e-claims, and document management capabilities. Following its July 2020 acquisition of TalenOz, PayGroup expanded the suite with TalentOz, a Hire-to-Retire platform enabling end-to-end talent and employee lifecycle management. This platform-plus-modules architecture delivers a borderless multi-country system addressing cross-border HR and payroll complexities.

Differentiator

Problem solved

Functional benefit

Brands

• HROnline: Cloud-based HRIS solution providing customizable HR records, multiple organizational categories, employee self-service, e-leave, e-claims, time management, document centre with e-payslips, e-tax records, and configurable templates.
• TalentOz

Products and services

• Local & Multi-Country Payroll (BPO) End-to-end outsourced payroll processing service for clients operating in single countries or across multiple jurisdictions, including payroll calculation, payments, payslip generation and employee query handling.
• Payroll Consulting & Implementation Services Advisory and project services covering payroll operating model design, vendor selection, implementation, transition and ongoing consulting support for payroll and HR transformations.
• Lodgement Services Managed statutory filing service that submits payroll, tax and social-security declarations to local authorities across the countries where clients operate.
• Treasury Services Payroll-related treasury and fund-flow service that manages the movement of funds across countries to ensure timely and compliant payment of employee salaries, taxes and statutory contributions.
• HROnline Cloud-based Human Resource Information System (HRIS) platform that centralises employee data, HR workflows and payroll processing for clients, available as a subscription SaaS product.
• TalentOz Hire-to-retire talent management SaaS platform covering recruitment, onboarding, performance, learning and offboarding workflows, designed to operate alongside PayAsia's payroll services.

Quantifiable outcome

• 7.5 Million+ payslips processed per annum
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Amazon Web Services (AWS)coreTechnology or IntegrationAWS provides on-demand cloud computing platforms and APIs serving as the infrastructure backbone for PayAsia's cloud-based HCM and payroll solutions. AWS's elastic compute cloud and related services enable PayAsia to deliver scalable, reliable cloud services to clients.
• CisiveminorImplementation/ SI/ Consulting PartnerCisive is a global provider of compliance-driven human capital management and risk management solutions offering background screening, onboarding, and pre-employment verification services. The partnership complements PayAsia's HCM offering with integrated background screening capabilities.
• Ensaan TechnologiesminorChannel Partner/ Reseller/ DistributorEnsaan Technologies is an HR & Talent Management Software provider serving the Middle East, North Africa & Indian Sub-Continent regions. They represent best-of-breed technology vendors and serve as a channel partner for PayAsia's solutions in these regions.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Deel: Global EOR, contractor management and international payroll platform that has rapidly scaled to serve thousands of companies hiring internationally. Deel competes with PayAsia for multinational payroll mandates, particularly among tech-forward clients seeking a fully self-service global payroll experience.
• Multiplier: Fast-growing EOR and global payroll/contractor payments platform. Multiplier represents the newer wave of digital-native multi-country payroll providers that compete with PayAsia on price and digital UX for fast-scaling companies hiring across borders.

Direct peers

• SD Worx: Leading European provider of people solutions combining payroll outsourcing, HR technology and data-driven insights across the employee lifecycle. SD Worx is both a PayAsia technology partner and a direct competitor in the multi-country payroll BPO space, particularly across EMEA multinational clients.
• CloudPay: Provider of managed global payroll services through a unified SaaS platform covering 130+ countries in 25+ languages. CloudPay is a PayAsia technology partner and a direct competitor for the same enterprise multi-country payroll contracts that PayAsia targets.
• Ramco Systems: Global provider of cloud HCM and payroll software with deep APAC and Middle East presence and a BPO arm. PayAsia's Director of Implementations came from Ramco Systems-BPO, and Ramco competes directly for multi-country payroll mandates across APAC, the same geographies where PayAsia has 14 offices.
• Immedis: Specialist global payroll and tax services provider operating in 130+ countries, part of the Taxback Group. Immedis partners with PayAsia to extend coverage while also competing for the same multi-country payroll BPO engagements with enterprise clients.

Broad incumbents

• UKG (Ultimate Kronos Group): Global cloud-based HCM, payroll, talent and workforce management provider with 50M+ people records in the cloud. UKG is a PayAsia integration partner and one of the dominant competitors in enterprise HCM/payroll, competing for the same multinational client base.
• Workday: Enterprise cloud platform for finance and HCM with expanding global payroll coverage and Workday Payroll partners. Workday competes for the largest multinational HCM/payroll deals and sets the technology benchmark that PayAsia's HROnline and TalentOz platforms must keep pace with.
• ADP (Automatic Data Processing): Global payroll and HCM leader serving multinationals across more countries than any peer. Multiple PayAsia senior leaders (CEO Mark Samlal, CTO Chris Brunton, Director of Partners & Alliances Barry Tang) came from ADP, and ADP represents the ultimate benchmark competitor for enterprise multi-country payroll work.
• Ceridian (now Dayforce): Global HCM and payroll platform (rebranded to Dayforce) with strong multi-country payroll capabilities and a BPO arm. Ceridian is named as a previous employer of PayAsia's Director of Implementations and competes for the same large-enterprise multi-country payroll RFPs as PayAsia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/experience_pays

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Payasia Singapore Pte Ltd