Salt Edge, a financial API platform, has officially launched its bulk payments solution designed to replace slow, manual batch processes with modern Open Banking rails. The solution is aimed at fintechs, SaaS platforms, marketplaces, and high-volume enterprises that require fast, secure, and compliant mass payouts.
Built on PSD2-compliant API infrastructure, the platform allows companies to initiate multiple payments simultaneously and track them in real-time, all directly from their business bank accounts. Currently rolled out in Italy, the solution is soon to be expanded across Europe.
A modern alternative to legacy payments
Traditional batch payment methods typically rely on outdated file formats or manual uploads, processes that are prone to errors and high costs. Salt Edge’s bulk payments solution replaces these inefficiencies to deliver real-time execution, cost optimisation, and improved automation.
The new solution supports a wide range of use cases:
- Payroll disbursements to ensure staff receive salaries on time.
- Supplier settlements and treasury operations.
- Freelancer payouts and disbursements.
- Marketplace transactions.
- Automating complex financial workflows.
“Instead of spending hours approving and processing individual payments, businesses can now initiate hundreds of transactions at once and track them in real time within a secure framework,” said Vladimir Modirchi, technical product manager (PIS) at Salt Edge.
Security and Simplification at the Core
The platform is fully compliant with Open Banking regulations and Strong Customer Authentication (SCA) requirements, ensuring complete transparency, real-time tracking, and detailed reporting for every transaction.
By leveraging a single, powerful API, Salt Edge manages the technical integration, offering unmatched flexibility by allowing companies to connect with the banks they trust most. This focus on automation and simplification helps finance teams save time, cut costs, and improve accuracy by automatically matching payments with invoices or payroll records, which simplifies reconciliation.
Salt Edge is an ISO 27001 certified and AISP licensed company under PSD2, integrated with over 5,000 financial institutions in more than 50 countries.
The post Salt Edge Launches Open Banking Bulk Payments to Modernize Mass Payouts appeared first on The Fintech Times.
