> ## Documentation Index
> Fetch the complete documentation index at: https://developer.tazapay.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Global Payroll

> Pay employees across multiple countries from a single treasury using Tazapay

## Overview

Many global employers are headquartered in one country but have teams across regions. Employees may prefer to be paid in local currencies, while employers may receive funds in stablecoins or a single base currency.

Tazapay simplifies this by enabling you to hold funds centrally, convert currencies only when needed, and execute payouts through local payment rails.

## How Tazapay Helps

<CardGroup cols={2}>
  <Card title="Central Treasury" icon="building-columns">
    Collect funds into a central Tazapay balance
  </Card>

  <Card title="Multi-Currency Holdings" icon="coins">
    Hold funds in multiple currencies
  </Card>

  <Card title="On-Demand FX" icon="arrows-rotate">
    FX is applied only when needed
  </Card>

  <Card title="Local Rails" icon="bank">
    Execute payouts using local bank transfers or supported rails
  </Card>
</CardGroup>

## Integration Flow

<Steps>
  <Step title="Fund Your Account">
    Employer funds their Tazapay account via bank transfer or supported funding method.
  </Step>

  <Step title="Credit Holding Balances">
    Funds are credited to your holding balances in your preferred currencies.
  </Step>

  <Step title="Initiate Payouts">
    Employer initiates payouts to employee bank accounts via API or dashboard.
  </Step>

  <Step title="Tazapay Handles the Rest">
    Tazapay manages FX conversion, local payment rails, and settlement.
  </Step>

  <Step title="Track and Reconcile">
    Monitor payout status and reconciliation via APIs and dashboard.
  </Step>
</Steps>

## APIs Involved

| Purpose               | API                                                                                | Endpoint                       |
| --------------------- | ---------------------------------------------------------------------------------- | ------------------------------ |
| View holding balances | [Fetch Balances](/api-reference/tazapay-api/fetch-balance)                         | `/v3/balances`                 |
| Create payout         | [Create Payout](/api-reference/tazapay-api/create-payout)                          | `/v3/payouts`                  |
| Track payout status   | [Fetch Payout](/api-reference/tazapay-api/fetch-payout)                            | `/v3/payouts/{id}`             |
| Reconciliation        | [Fetch Balance Transactions](/api-reference/tazapay-api/fetch-balance-transaction) | `/v3/balance_transaction/{id}` |
| Event handling        | [Webhooks](/api-reference/tazapay-api/payout-webhooks)                             | `payout.*`                     |

## Example

<Info>
  A US-based employer receives funds in USDC, holds balances in USD and EUR, and pays employees in INR, EUR, and USD.
</Info>

### Employer Setup

* **Funding currency:** USDC
* **Holding currencies:** USD, EUR

### Employee Payouts

<CardGroup cols={3}>
  <Card title="India" icon="indian-rupee-sign">
    INR via local bank transfer
  </Card>

  <Card title="Europe" icon="euro-sign">
    EUR via SEPA
  </Card>

  <Card title="United States" icon="dollar-sign">
    USD via ACH
  </Card>
</CardGroup>

### What Tazapay Handles

<Check>Currency conversion at competitive rates</Check>

<Check>Local payout networks (IMPS, SEPA, ACH, etc.)</Check>

<Check>Compliance and reconciliation</Check>