International Payout Systems, Inc. (“i-payout”), a global provider of payment and payout technology, today announced the continued expansion of its true local payment capabilities as part of the company’s broader strategy to help enterprises manage increasingly complex domestic and global payout programs.

For i-payout, a true local payment means funds delivered through domestic payment rails directly to a recipient’s local bank account in the recipient’s local currency — not through SWIFT and not through an international wire.

That distinction is becoming increasingly important for enterprises that need to pay large and geographically dispersed recipient populations across multiple countries, currencies and payment methods.

Marketplaces may need to pay thousands of sellers and merchants. Gig economy and freelance platforms may need to compensate independent workers across dozens of markets. Gaming and esports companies may need to pay players, creators, affiliates and tournament participants. Insurance companies may need to distribute claims and reimbursements, while clinical research organizations may need to compensate study participants across multiple jurisdictions.

Although the use cases differ, the underlying challenge is similar: delivering funds securely and efficiently while supporting different payment methods, currencies, banking systems and regulatory requirements.

i-payout’s payment infrastructure is designed to help enterprises manage those complexities through a configurable technology platform.

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Global Reach With a Local Payment Experience
Traditional cross-border payments frequently rely on correspondent banking networks and international wires to move funds between countries.

i-payout’s local payment strategy is designed to provide another path: delivering payments through domestic payment networks in the recipient’s market.

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