Routable launches cross border payments to scale payouts globally

By Edlyn Cardoza

Routable, a modern and intuitive business payments platform focused on mass payouts, today announced its new Cross-Border Payments® solution, which allows businesses to pay their vendors and contractors across 220+ countries. Routable’s Cross-Border Payments solution enables companies to pay a growing global network of key third parties, permitting companies to expand their business globally while easily onboarding thousands of new vendors and contractors. This is a competitive advantage for rapidly growing companies looking for the right global payouts solution to take them from 1000’s to 100,000’s of monthly payments.

“We work with companies that are scaling rapidly, with an increasing need to pay gig workers and vendors around the globe,” said Omri Mor, co-founder and CEO of Routable. “This is particularly important for companies in the growing gig economy and marketplace spaces. Now, companies can rely on one seamless payout experience for both their domestic and global payout needs, and continue to grow their network of vendors and gig workers – no matter where they are located.”

Most traditional cross-border payment solutions are built to support single peer-to-peer cross-border transactions or are often built to handle the traditional AP use case. Routable’s Cross-Border Payments solution supports multiple payment methods and speeds with competitive transaction fees, making it possible for businesses to power global mass payouts at scale.

“Creating a payout experience that keeps our boutiques and business owners happy is essential to our business,” said Sunil Gowda, Co-founder and CEO of Garmentory. “With Routable’s Cross-Border Payments solution, I can now onboard and pay thousands of partners across the globe quickly with multiple options. Having full visibility into the payments process is essential to keeping our community of indie boutiques and designers growing.”

The launch of Cross-Border Payments gives Routable customers access to the industry’s leading B2B mass payouts solution while offering a simple, flexible, and secure payments infrastructure.