Standard Chartered has launched a Payouts-as-a-Service offering to help digital businesses.
In Brief:
The API led solution will enable businesses to manage one-to-many payouts.
It is currently available for clients in the UK, India, Malaysia, Singapore, and the UAE.
APIs can be used to embed and automate payments in a business’ existing digital commerce platform.
What does this mean?
Standard Chartered says its clients increasingly demand embedded payment capabilities and it will now be able to take the details of transactions and educate them based on a set of parameters, without clients having to offer individual instructions for each payment.
