Salt Edge Launches Bulk Payments for High-Volume European Payouts

Open banking provider Salt Edge has launched a bulk payments solution designed for fintechs, SaaS platforms, marketplaces, and enterprises requiring high-volume payouts.

The product enables companies to initiate multiple payments to various recipients simultaneously from their business bank accounts via PSD2-compliant API infrastructure. The service is currently live in Italy, with expansion planned across Europe.

High-Volume Payout Capability

Salt Edge's Bulk Payments targets organisations that need to process mass payouts quickly and securely. Use cases include marketplace seller disbursements, SaaS platform refunds, payroll processing, and affiliate commission payments.

By leveraging open banking rails, the solution allows businesses to bypass traditional payment processors and initiate payments directly from their bank accounts, potentially reducing transaction costs and settlement times.

European Expansion

The initial launch in Italy marks Salt Edge's entry into the bulk payments market, with the company planning to extend coverage across additional European markets. The PSD2-compliant infrastructure ensures the service meets regulatory requirements as it scales.

Salt Edge, headquartered in Canada with operations in the UK, provides open banking connectivity and data enrichment services to financial institutions and fintechs across multiple markets.

To find out more, visit: saltedge.com