Checkout.com says it’s targeting a $100bn real-time payments opportunity with its new product, Payouts.
In Brief:
Checkout.com provides cloud-based payment solutions around the world.
The Payouts product will enable merchants to make seamless payments directly to cards and bank accounts.
This allows for multi-country, multi-currency financial transfers across various industries.
What does this mean?
Checkout.com is tapping into the global real-time payments market which, it notes, is projected to expand almost tenfold to being worth $100bn in 2028. It says the ability to offer a real time payment service will be a huge differentiator for businesses going forward, not least because it minimises exposure to currency fluctuations.
