Fortress Web3 Technologies and MassPay announced the introduction of a revolutionary way for companies to execute their global payout operations. A new, global payout capability has been integrated, spanning over 175 countries and 70+ currencies, including cryptocurrencies and stablecoins. This means businesses will now be able to execute payouts anywhere in the world via a single platform.
With the growth of gig and creator economies and seamless global e-commerce, it’s crucial to have a payout solution that can adapt to the ever-changing demands of your payees. From markets to currencies to wallets, the efficient, effective, and frictionless execution of payout operations are the foundation for building brand value and payee satisfaction.
“Through our collaboration with Jeff and the wonderful team at MassPay, we are helping our mutual customers take their businesses to the next level by becoming more agile and efficient in an ever-evolving digital world,” said Scott Purcell, CEO and Founder of Fortress.
Jeff Katz, CEO and Founder of MassPay, said, “Together, MassPay’s Global Payout Orchestration Platform and Fortress’s Web3 financial, regulatory, & technology infrastructure eliminate the need for companies to piece together multiple technologies and to navigate the challenges of of making payouts to contractors and creators globally.”
With this announcement, Fortress and MassPay are now enabling companies to:
- Issue local bank transfers, mobile web3 wallets, push-to-debit cards, push-to-prepaid cards, cryptocurrency, and cash payouts via combined capabilities;
- Effect payouts for millions of individuals in more than 240 markets and 50+ currencies with a single KYB process;
- Create digital wallets and access traditional financial transaction processes for payees through a single API;
- Leverage built-in compliance screening tools for transaction monitoring, IDV, and Wallet Screening.
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