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Checkout.com Targets $100bn Real-Time Payments Opportunity with Payouts Product Launch
Checkout.com, the leading cloud-based global payment solutions provider, has announced the launch of its Payouts Product, which enables merchants to make seamless payments directly to eligible recipients’ cards and bank accounts.
The solution will enable merchants to make payouts in real-time to over four billion cards in over 174 countries and seamless payments to local bank accounts in over 40 countries around the world. It also leverages market-leading scheme and interbank FX rate sources, leaving global merchants with minimal exposure to currency fluctuations.
Payouts will enable the remittance, digital wallet, travel, insurtech and the gig economy industries to deliver more efficient, faster payments as a competitive differentiator. Checkout.com is the only payment service provider to have built a completely new infrastructure that spans the entire payouts value chain.