Payout API for Bulk Payment.

A Payout API for bulk payments is a specialized interface that allows businesses to efficiently and securely disburse funds to multiple recipients in one go. This API is typically used by enterprises such as e-commerce platforms, gig economy marketplaces, financial institutions, and payroll providers to automate and streamline the process of distributing payments to a large number of individuals or entities.

• The Payout API supports batch processing capabilities, enabling businesses to initiate and manage bulk payment requests in a single API call. This helps in reducing manual effort and operational overhead associated with individual payments.
• It integrates seamlessly with the business's existing applications, platforms, or systems. This allows for automated payouts directly from the business's account to recipients' accounts, leveraging various payment methods such as bank transfers, UPI, wallets, or other digital payment modes.