In the late 1990’s, online banking transformed payouts in the Indian market.
Manual processes had given way to automated procedures. However, these payout systems were often run on legacy systems.
This meant outdated systems and businesses being restricted by banking hours. For businesses, this led to the much-dreaded result: low transaction success rates.
This was until 2015- when Cashfree Payments introduced a 24×7 payouts solution that run on REST APIs. Now, businesses were:
- Not restricted by banking hours
- Experienced high transaction success rates
- Could integrate and reconcile payouts effortlessly
This infographic is a quick 2 mins detour into the Indian Payouts landscape.
All that was, all that is and all that’s yet to come!
Want to join merchants using Cashfree Payments to disburse their payouts?
Contact our Payouts experts today!
