Domestic payouts
Simplifying Domestic Bank Transfers
Domestic Payouts
Domestic Payments refer to the seamless transfer of funds from a sender's account to a valid recipient's account within the country. These transactions enable individuals and businesses to conduct instant payouts domestically
Who is it for?
For users with Singapore-issued MatchMove accounts and virtual accounts, who want to send payouts to friends and family, personal and business accounts can be made through banking channels. Where transfers are fast, cheap, and efficient, allowing crediting of funds in real-time through the wide network of participating local banks.
Business Users
- Businesses looking to automate domestic bank transfers to accounts payable, including payments to vendors/suppliers, freelancers, and marketplace purchases.
- Businesses located in Singapore that need to make domestic bank transfer payments for business operations, managing payroll, and reimbursements.
Individual Users
- Purchase expenses - pay through domestic bank transfers on marketplace purchases, imported goods, stock investments, logistics, travel bookings, and many more.
- Money transfers - transfer funds via domestic bank transfer to friends, family, and any other local bank accounts.
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