HitPay, a provider of commerce infrastructure for businesses, has launched its mass payout services in Singapore, Malaysia, and the Philippines. This new service enables businesses to pay workers, contractors, partners, and suppliers efficiently through HitPay’s platform.
It supports various payment networks such as FAST in Singapore, RTGS in Malaysia, and InstaPay and PESONet in the Philippines.
The service incorporates Payout APIs, allowing for the management of mass payouts, particularly for marketplace and platform-based businesses.
Future expansions include the integration of PayNow payouts in Singapore and DuitNow payouts in Malaysia. In 2024, HitPay plans to extend its services to include domestic payouts in Indonesia, Thailand, Vietnam, and Australia and global cross-border payouts using various payment networks and channels.
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- Source: https://fintechnews.sg/81879/payments/hitpay-rolls-out-mass-payout-services-in-singapore-malaysia-and-the-philippines/
