Routable enables instant payouts with Real-Time Payments

Wednesday 18 May 2022 12:15 CET | News

US-based payments platform Routable has launched Real-Time Payments (RTP), allowing businesses to pay vendors and contractors.

Routable built RTP leveraging its experience in mass payouts, so it can accommodate businesses as they scale from 250 payouts per month to over 100,000. This may represent a competitive advantage for companies looking to strengthen relationships with third parties and improve operational efficiency at scale.

Benefits of RTP include speed of payment, transaction processing 24 hours a day, immediate payment confirmation and remittance data for both parties, eliminates late fees, and its easy to use API is compatible with any environment and plugs in to existing payment infrastructure.

Traditional real-time payment offerings require the recipient to receive immediate funds and pay the associated transactional fees themselves, as per the press release. By contrast, Routable's RTP takes that onus off the recipient, with its low transaction fee being covered by the sender, rather than the end recipient making it possible to send instant payments at scale.

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Keywords: product launch, real-time payments, expansion, API, instant payments
Categories: Payments & Commerce
Companies: Routable
Countries: World
This article is part of category

Payments & Commerce


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