Local Payment Network

Payouts to local payment networks, such as UPI in India, PIX in Brazil, and similar systems worldwide, enable seamless, cost-effective, and near-instant transfers to beneficiaries using their local bank accounts or payment identifiers. These networks leverage domestic infrastructures to facilitate real-time payments, ensuring high efficiency, reduced transaction costs, and better accessibility.

Local payment networks are crucial for businesses and individuals engaged in cross-border or domestic transactions. They streamline disbursements, payroll, refunds, and other payout needs while offering flexibility to recipients by supporting identifiers such as mobile numbers, email addresses, or unique IDs (e.g., UPI ID, PIX Key).