August 1, 2024 - London, UK and Austin, TX, USA

Paycross Extends Pay-Out reach to over 80 countries globally.

Paycross is delighted to announce its extended global pay-out coverage. Now covering over 80 countries with the ability to pay-out in local currency across all of the regions supported, Paycross has positioned itself as a truly key component to paying customers, supplier invoices or bulk payments to partners on a global scale.

Driven by Paycross’ robust API technology, pay-outs can be performed on an individual level, or via batch through the Paycross API. The technology that underpins the Paycross pay-out network also provides total reconciliations, from balance management per currency to final statuses of each individual payment.

Ken Lipton, Chairman and President of Paycross commented, “By offering pay-outs on a mass scale, globally, we have opened a new line of revenue to the business. We continue to move away from a onedimensional flow of inbound payments and now provide additional solutions and the rails for further onward flows, whether that be a retailer paying its international suppliers, a money remittance company completing the end leg pay-out or an international pay-roll solution.”

Jurijs Borovojs COO of Paycross added “We have built a centralized API driven pay-out system that allows us to add new channels and corridors easily whilst scaling what we already have. Showing a client their multi currency pay-out balances whilst managing their flows and transaction statuses is key to the success of this module within the Paycross platform.”