Pluggy, the Brazil-based fintech and open banking API platform has introduced a batch payment service that allows companies to consolidate various payments into a single Pix transaction, simplifying accounts payable and receivable processes. The service addresses inefficiencies faced by SMEs managing daily bill payments and aims to reduce transaction costs compared to traditional methods like boletos and credit cards. Pluggy’s solution leverages its payment transaction initiator license and is set to expand further with several clients already preparing to implement its new system.
Pluggy Now Offers Batch Payments within Open Finance
