PayQuicker launches Payouts OS, a global payouts-as-a-service platform
By Edlyn Cardoza
PayQuicker, a financial technology leader in the global payouts market, announced the launch of Payouts OS. Payouts OS packages PayQuicker’s trusted, time-tested technology into a first in-market payouts-as-a-service platform that meets the needs of gig economy workers and small to medium-sized businesses across a diverse set of industries, including clinical trials, insurance, gaming, marketplaces, and more.
Payouts OS enables turnkey integration with a single REST API that plugs into multiple banks and global payment rails to intelligently determine and facilitate the quickest and most cost-effective method for clients to send payouts to businesses and consumers globally.
“PayQuicker is thrilled to launch its Payouts OS product, the first payment orchestration platform for payouts that is truly global,” said Charles Rosenblatt, President of PayQuicker. “By partnering with best-in-class providers, Payouts OS allows our partners to connect to payees around the world through a single API, offering competitive pricing and embedding a streamlined payouts experience into their own brand. PayQuicker has served more than 300 customers with its legacy product, and we look forward to making our payouts technology available to a wider variety of industries.”
Payouts OS meets the needs of companies leveraging the growing global gig economy, an estimated 78 million people, and the underbanked, who cannot access paychecks through traditional bank accounts, by enabling instant payouts through any method of their payees’ choice. From virtual cards to bank transfers to crypto and global e-Wallets, Payouts OS offers flexible payout options while remaining under the company’s customer experience and brand.
Currently, PayQuicker’s API connects to more than 10 payout partners, enabling payouts in more than 200 countries and territories in more than 40 currencies. Some current partners include PPS, an Edenred company, Barclays, Corpay’s Cross-Border business, Convera, and NIUM. Earlier this year, PayQuicker also announced a partnership with Mastercard® to deliver branded virtual and physical cards through a single point of integration.
Richard Logan, Solutions Director at PPS, an Edenred company, said: “As a long-time partner of PayQuicker, we are looking forward to extending custom-branded solutions through Payouts OS. By offering beneficiary-direct payments, PayQuicker is creating an avenue to financial inclusivity across the globe, which is a cornerstone of the PPS and Edenred brand.”
“We aim to remove any friction between people and their hard-earned money, automating the quickest path to receive payments. Our partnership with PayQuicker puts us one step closer to making this achievable for a range of industries and businesses no matter the size,” said Michael Bermingham, Co-Founder and Chief Business Officer at NIUM, the global platform for modern money movement.
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