Checkout.com targets real-time payments with Payouts launch

Cloud-based payment solutions provider, Checkout.com, is launching a solution called Payouts.

Earlier this year, the venture closed a $450 million Series C fundraise, which tripled its valuation to $15 billion.

The Payouts product will enable merchants to make payouts in real-time to four billion plus cards in over 174 countries and payments to local bank accounts in around 40 countries.

Today we're launching Payouts – a powerful new solution that enables merchants to make seamless payments globally, through a single API integration 🌍

It lets merchants move money faster, with more certainty and scalability than ever before 🚀

Learn more about Payouts 👇
— Checkout.com (@Checkout) April 13, 2021

Guillaume Pousaz, CEO and Founder, Checkout.com, says: “We’re equipping merchants with the technology to transform payouts from a functional component of business to a strategic growth lever to drive exceptional experiences, expand into new markets and boost profitable growth.”

“Agile enterprises are looking for ways to innovate on the payments journey. Legacy payout systems simply can’t scale with them. Our payouts solutions will give merchants the ability to facilitate the movement of money more freely.”

“This is part of our commitment to removing the financial complexity for merchants, allowing them to innovate and unlock new growth opportunities.”