Recently, Salt Edge has rolled out its bulk payments solution aimed at fintech firms, SaaS providers, marketplaces, and high-volume enterprises.
Compliant with PSD2 Standards
Built on a PSD2-compliant API infrastructure, the new payment system enables companies to handle multiple payments simultaneously from their business bank accounts. This innovative approach shifts away from traditional batch payment methods, which often rely on outdated file formats or manual uploads.
Initially launching in Italy, Salt Edge plans to expand across Europe in the near future. The solution prioritizes flexibility by allowing businesses to connect with banks of their choice, ensuring trust and security.
Aiming for Modernization
To address inefficiencies and errors associated with conventional batch payment processes, Salt Edge introduces a real-time execution model supported by Open Banking principles. This updated approach offers cost savings, optimal automation, and comprehensive transparency.
The bulk payments feature serves various applications, including payroll disbursements, supplier settlements, freelancer payouts, and marketplace transactions.
Moreover, the product complies with Open Banking regulations and strong customer authentication (SCA) requirements, enabling detailed tracking and reporting for every transaction. This ensures increased transparency and efficiency in financial operations.
Potential Use Cases
Businesses can leverage Salt Edge’s bulk payments for:
- To initiate mass payouts directly to bank accounts;
- To automate financial workflows;
- To manage recurring freelancer disbursements;
- To simplify supplier settlement and treasury operations;
- To process payroll transactions efficiently.
Strategic Impact
Vladimir Modirchi, Technical Product Manager at Salt Edge, highlighted that the launch of bulk payments supports companies in modernizing their financial processes. By automating tasks and reducing manual effort, the product significantly cuts down time and costs while enhancing efficiency for large-scale transactions.
This move allows teams to focus on more strategic initiatives that drive business growth.
