Verestro is thrilled to announce the launch of its innovative PAYOUT TO X-PAYS product, a groundbreaking instant payment solution that empowers fintechs to seamlessly integrate payouts to Apple Pay and Google Pay. This strategic addition not only modernizes the approach to instant payments, but also aligns with the evolving demands of both businesses and consumers in today’s digital economy.
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How Does PAYOUT TO X-PAYS Work?
The PAYOUT TO X-PAYS solution is designed to enhance the user experience by enabling fintechs to offer a streamlined and secure method for clients to execute instant payments directly to Apple Pay and Google Pay tokens. This functionality eliminates the cumbersome process of sharing sensitive bank account or card information, making payouts quicker and more user-friendly.
The PAYOUT TO X-PAYS works in a simple way: You can request a transfer via a link using Google Pay and Apple Pay to protect your data. The sender generates a unique link and shares it with the intended recipient. Upon receiving the link, the recipient clicks on it to receive funds on the token representing a payment card added to their Apple or Google Pay wallet.
Key Benefits of PAYOUT TO X-PAYS
Instant payments: Real-time processing of payments, ensuring funds are transferred instantly, which is crucial in today’s fast-paced environment.
Enhanced security: With the implemented robust security measures, sensitive information is well-protected against unauthorized access, minimizing risks related to fraud.
Seamless integration: The solution is designed for easy integration into existing systems and platforms, allowing fintechs to quickly adopt and implement the functionality without extensive changes to their current infrastructure.
Global reach: Support for multiple currencies and languages, making it accessible for fintechs operating in diverse markets and enhancing their global footprint.
Customization: The solution can be tailored to address specific requirements, ensuring that all partners can create an optimal user experience.
Diverse Applications of PAYOUT TO X-PAYS
The versatility of PAYOUT TO X-PAYS opens up numerous opportunities across various sectors:
P2P Payments: Streamlined sending and receiving money among friends and family, making this a perfect tool for social payments.
Cryptocurrency solutions: Facilitated instant payouts to users’ digital wallets, bridging the gap between traditional finance and cryptocurrency ecosystems.
Wallets and client-bank solutions: Enhanced transfer capabilities between different financial services, simplifying interactions for the end-user.
Lottery and winnings payouts: Quick disbursement of winnings, ensuring that winners receive their funds immediately without unnecessary delays.
Loyalty program cashback: Businesses can leverage the solution to instantly reward their customers with cashback for their loyalty, enhancing customer satisfaction and retention.
Verestro’s Commitment to Innovation
Verestro's continuous pursuit of innovation and excellence has led to the development of this revolutionary solution. By empowering fintechs with cutting-edge technology, Verestro is not just providing tools; it's shaping the future of instant payments and driving financial inclusion worldwide. With the PAYOUT TO X-PAYS, fintechs can enhance their offerings, build customer loyalty, and adapt to the rapidly changing financial landscape.
As digital payments become increasingly ubiquitous, Verestro stands at the forefront of this transformation. The PAYOUT TO X-PAYS solution not only meets current market demands but also sets the stage for the future of fintech. With its focus on security, speed, and user experience, Verestro aims to redefine instant payments, fostering a new era of financial interaction.
The First Launch of PAYOUT TO X-PAYS
The polish fintech Orovera was the first company that leveraged Verestro’s technology to implement the PAYOUT TO X-PAYS. The launch of a new solution should significantly help Ovorera thrive in the global market. “Transferring money to the recipient using their cards registered with Apple Pay or Google Pay solves the most important problem of “card-based” payments - the sender of the money does not need to know the recipient's card number or account number to send them money. And it works globally!” - says Pavel Karatay, CEO of Orovera.
If your business use case fits the idea of the PAYOUT TO X-PAYS solution, please contact Verestro for more details on opening a project and implementing this new product.
