Introducing Payouts in the UK - enabling your users to instantly make withdrawals and refunds

Plaid has launched Payouts in the UK, enabling users to instantly make withdrawals and refunds, building on its Payment Initiation service that allows customers like Kraken and PensionBee to offer a smooth "click, confirm, and carry on" experience. The new product uses Railsr1's e-money accounts to facilitate instant payouts, offering low-cost payments with verified bank details, easy integration, and real-time payment confirmation. This move aims to drive open banking payment adoption across various use cases, including e-commerce and iGaming, allowing users to seamlessly pay-in and pay-out using the same integration.