Standard Chartered announced on the first day of Singapore Fintech Festival the launch of Payouts-as-a-Service (PaaS), a bank-grade fintech solution that allows digital businesses to seamlessly manage one-to-many payments to parties in their ecosystem. Available in five major e-commerce hubs across India, Malaysia, Singapore, the UAE and UK, the Bank is the first leading transaction bank to introduce an application programming interface (API)-first (modular, inter-operable APIs) programmable payouts offering, with live pilot clients on the platform set up through a series of co-creation engagements.
