The company’s instant payout service, which allows for payments to be settled almost instantaneously, is facilitating payments, transfers, and payments distribution. Traditional real-time payment solutions rely on the recipient having to purchase and activate a company-issued prepaid card and then load funds from the wallet onto the card, as per the press release.
i-payout’s new service is aimed at customers across industry verticals within the gig economy such as direct sales. Company officials stated that their clients are more competitive when their employees, agents, and distributors can be paid instantly, on-demand, and at any-time.
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