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Why bulk payments are needed?
Why bulk payments are needed?
Updated over a week ago

A bulk payment system enables an organisation or individual to debit several recipients
Bulk payment refers to the process of making multiple payments to multiple recipients at once, typically initiated by a single entity such as a business or organisation. It's a convenient and efficient way to disburse funds to various parties, whether they are suppliers, employees, or customers.

In bulk payments, the payer provides a list of recipients along with the corresponding payment amounts, and the payments are processed in a batch rather than individually. This can save time and effort compared to making each payment separately. Bulk payment systems are commonly used for various purposes such as payroll processing, vendor payments, rebates, refunds, and more.

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