Fast payment solutions expanded: HitPay unveils payout APIs, now compatible with FAST, RTGS, InstaPay, and PESONet transfer services.
HitPay, a leading payment solutions provider, has announced the launch of its mass payout services in Singapore, Malaysia, and the Philippines. The company's Payout APIs are now available for marketplace and platform-based businesses, offering a streamlined and efficient solution for managing payouts.
Supported payment networks include FAST in Singapore, RTGS in Malaysia, InstaPay, and PESONet in the Philippines. HitPay's expansion will provide a comprehensive solution for managing payouts in different countries and currencies, with just one integration.
In addition to the current payment rails, HitPay will support PayNow payouts in Singapore and DuitNow payouts in Malaysia, and will launch additional payment rails in 2024. This expansion is expected to further broaden the company's mass payout capabilities, enabling it to reach more countries.
More payment networks will be announced in the coming year. HitPay will also introduce global cross-border payouts using payment networks, e-wallets, and OTC channels.
HitPay's Payout APIs have built-in compliance features including transaction monitoring and fraud protection, ensuring secure and reliable payouts for businesses. Businesses can send 24/7 payouts in Singapore and the Philippines without cut-off times or restrictions.
Businesses can use HitPay to pay workers, contractors, partners, and suppliers. The company's Payout APIs help businesses streamline operations and improve cash flow efficiency. HitPay also enables detailed reporting for businesses, providing valuable insights into their payout activities.
Interested businesses and platforms in Singapore, Malaysia, and the Philippines can access HitPay's Payout API documentation here. Specific companies currently using HitPay's Payout APIs for mass payments in these countries are not publicly disclosed.
Upcoming domestic payout networks in 2024 include BI-FAST in Indonesia, PromptPay in Thailand, NAPAS in Vietnam, and PayID in Australia. HitPay will support these networks as part of its ongoing efforts to expand its mass payout capabilities.
In 2024, HitPay will also support additional payment rails, further expanding its mass payout capabilities to more countries. With its robust and versatile Payout APIs, HitPay is poised to become a leading provider of mass payout solutions for businesses around the world.
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