Dubai, UAE – March 28, 2025 – SurferMonkey (@SurferMonkeyHQ), a trailblazing fintech innovator, proudly announces the launch of its groundbreaking payroll solution, designed to transform the payroll landscape for businesses across Europe and the UAE. By harnessing the power of stablecoins and blockchain technology, SurferMonkey is set to save companies significant costs while enabling them to earn yield on their payroll funds—a game-changer in the financial technology space.

The new payroll solution and the proprietary SurferMonkey protocol, prioritizes privacy and security, addressing the growing concerns over data protection in payroll management. SurferMonkeys solution can reduce the yield typically earned by payroll providers. With the European payroll and HR solutions market projected to reach $23.5 billion by 2033 (Future Market Insights, 2023), SurferMonkey is poised to lead the charge in blockchain-based payroll innovation.

Chief Business and Strategy Officer, Al-Amin AlBakry, says:

“Typically companies are using payroll solution providers like ADP, Deloitte or Ernst & Young to process their payroll. This comes at a significant cost and allows these providers to earn yield off of the salary float. The benefit of the traditional scenario is that salary payments can be sent privately and the payroll solution provider maintains the connections to all the banks globally. 

The benefit to using our stable coin solution is that payments can now be sent privately directly from any HRMS solution integrated with our protocol. Our first deployment is on SAP with more to come.

A corporation can now maintain their own float of stables and earn yield off of them and not have to worry about banking connections. They only have to worry about maintaining their employee wallet address within their HRMS system. And it doesn't matter if that employee has a self custody address or custodial address.”

Cost savings and yield opportunities

SurferMonkey’s platform offers businesses substantial savings in a way that can substantially reduce the need for payroll solutions providers globally. Beyond cost efficiency, the solution introduces a unique opportunity for yield-earning mechanism, allowing businesses to generate returns on their own payroll funds—a feature unavailable in conventional payroll systems. This dual benefit of cost reduction and revenue generation positions SurferMonkey as a leader in the evolving fintech landscape.

Tapping into stablecoin trends

The launch aligns with the rising demand for stablecoin-based payroll solutions, a trend underscored by a February 2025 report from Rise, which noted significant efficiency gains using stablecoins like USDC and USDT. SurferMonkey leverages USDC and USDT to ensure stability and transparency, offering businesses a reliable and compliant digital payment solution.  As stablecoins continue to dominate transaction volumes in Europe—evidenced by their increased market share in 2024 (Chainalysis, 2024)—SurferMonkey’s solution is well-positioned to meet the needs of forward-thinking companies.

Addressing Europe’s payroll challenges

SurferMonkey’s solution directly tackles key challenges in the European market, where the total addressable salary market has grown from $500 billion in 2019 to $800 billion in 2022, driven by unclear regulations, digital infrastructure gaps, and cybersecurity concerns. The platform also responds to the increasing institutional custody of payroll funds, a trend highlighted in SurferMonkey’s analysis as a major driver for blockchain adoption in payroll systems. Being one of the only privacy protocols that meets the Travel Rule requirements, SurferMonkey ensures secure, transparent, and efficient payroll processing for businesses of all sizes.

A vision for the future

“We’re thrilled to introduce a payroll solution that not only saves businesses money but also allows them to earn yield on their funds,” said Al-Amin AlBakry. “With the SurferMonkey protocol, we’re bringing privacy, efficiency, and innovation to the forefront of payroll management. We invite businesses across Europe and the UAE to ride the wave of this financial revolution with us.”

For more information about SurferMonkey’s payroll solution and how it can benefit your business, visit SurferMonkey.io or follow @SurferMonkeyHQ on X for the latest updates.

About SurferMonkey

SurferMonkey is a London-based fintech company dedicated to revolutionizing financial systems through blockchain technology. With a focus on privacy, efficiency, and innovation, SurferMonkey empowers businesses to streamline operations and unlock new revenue streams using stablecoins and cutting-edge protocols.

Business Contact:

  • Al-Amin AlBakry
  • Chief Business and Strategy Officer, SurferMonkey
  • Email: alaminalbakry@surfermonkey.io
  • Website: SurferMonkey.io