Vendor payments, loan disbursement, credit card bill payments etc. traditionally did not have a unified system for processing the outstanding amounts. Juspay Payout aims to provide a unified system by integrating with multiple banks/partners and thereby increasing both uptime and payment rails available to the merchant.
Juspay takes a technology-first approach and has built the stack from the ground up to ensure a great level of reliability. By using safe coding techniques and persistent workflow systems, we achieve correctness both at the system level and business logic.
Payout amount tends to be a significant amount, hence, we need to take extra care in the way payments are handled.
At Juspay, we have abstracted the bank/partners integrations and through our dynamic routing/retry mechanism to increase the success rate.
Supported payment rails
Payment to a beneficiary can be achieved via the following modes:
- Visa Direct
- Mastercard Send
- UPI (push to VPA)
Supported Banks and Aggregators
|UPI (push to VPA)||Y||Y||Y|
Link here for more details (Link of Payout Advantages)
Updated almost 2 years ago