KOCHI: With online businesses wooing customers with targeted offers and rewards, offline stores are understandably looking for technological solutions to help them compete. Hatio Innovations, a fintech company from Kochi, have introduced a Payout Gateway API which might just be what they are looking for. The API can be used by both online and offline businesses to better the relationship between vendors and consumers with instant electronic cash transfers. The Payout platform can be used to create seasonal cashback offers, loyalty rewards, and more. According to Hatio CEO Vivek Steve Francis, the Payout Gateway API will help a shop stand out from the rest doing the same business and speed up business operations with a single click.

All LLP and Private Limited companies focused on both offline and online businesses can easily integrate the Payout Gateway API into their business operations. While shopping-centric businesses like supermarkets or shopping malls can use it to run offers for customers, service industries like hotels, resorts, and restaurants can use it to make instant payments to partners and vendors. Similarly, companies and government organizations can use the Hatio Payouts API to digitize employee salary payments and reimbursements. “The benefit is that our Payouts API makes payments instant, and easy to monitor,” said Vivek, “it takes away the need for clerical work, and reduces the chances of errors.”

The API is available for testing out on Hatio’s website www.hatio.in The Hatio team will guide interested businesses to integrate the API into their systems. Vivek confirmed that there are no integration fees at the moment, and that the Gateway ensures instant and efficient payments and easy reconciliation of accounts.