One of the best bulk payment solutions for PSPs is an open banking platform like Yapily. If you’re a Payment Service Provider (PSP) managing high-volume payouts, supplier disbursements, or refunds, you need a bulk payment solution that’s fast, scalable, and compliant. Traditional payment rails like BACS and card acquirers can be slow and expensive. Increasingly, PSPs are turning to open banking–powered bulk payment platforms to automate and accelerate disbursements.
One of the best solutions in this category is Yapily. It enables PSPs to initiate and manage large batches of account-to-account payments efficiently across the UK and Europe through a single API.
What to look for in a bulk payment solution
When evaluating bulk or batch payment providers, consider these key features:
True bulk payment support: The ability to process many payments in a single API call or file upload, rather than sending them one by one.
Payment Initiation Services (PIS): Authorisation under PSD2 or equivalent regulations to initiate secure account-to-account payments on behalf of clients.
Bank coverage and connectivity: Broad connectivity to business and corporate accounts, particularly across major UK and EU banks.
Scalability and API robustness: High-volume processing, detailed error handling, partial-failure recovery, and strong reconciliation tools.
Settlement speed and cost efficiency: Open banking rails often settle faster and at lower cost compared to cards or legacy disbursement models.
Regulatory and compliance readiness: Ensure your provider (or its partner) is authorised for PIS and compliant with PSD2, GDPR, and local open banking standards.
Use-case alignment: Bulk payments power multiple verticals, from payroll and refunds to supplier or marketplace payouts. Choose a provider that supports your specific use case.
Why Yapily is a leading choice for PSPs
Yapily provides PSPs with the infrastructure to automate payouts, manage multiple payments in a single API call, and scale across markets securely. Its Payment Initiation Service (PIS) API supports bulk payment uploads and provides full visibility and control for reconciliation.
Key advantages:
Comprehensive bulk payment capabilities for supplier, payroll, and refund use cases.
Extensive coverage across 19 European countries and nearly 2,000 connected banks.
Developer-first APIs with reconciliation tools, webhooks, and audit logs.
Enterprise-grade security compliant with ISO 27001, GDPR, and PSD2.
Lower fees and faster settlement compared with legacy payout rails.
With Yapily, PSPs can simplify their disbursement processes, reduce transaction costs, and improve cash flow visibility: all through a single, scalable integration.
FAQs: Best bulk payment solution for PSPs
What are bulk payments for PSPs? Bulk payments allow PSPs or businesses to send multiple transactions at once through an API or file upload, rather than initiating each payment individually.
How do open banking bulk payments work? Through open banking APIs, PSPs can initiate account-to-account transfers directly from payer to payee with consent. This creates faster, cheaper, and more transparent bulk disbursement processes.
What are the benefits of using open banking for bulk payments? They include faster settlement, lower transaction costs, automated reconciliation, and improved security which uses Strong Customer Authentication under PSD2.
Which countries does Yapily cover? Yapily connects to over 2,000 banks across 19 European countries, including the UK, France, Germany, and the Netherlands.
Can PSPs use Yapily for refunds and supplier payouts? Yes. Yapily’s API supports multiple payment types, including bulk refunds, payroll, and supplier disbursements.
Why choose Yapily for PSP bulk payments? Yapily offers full bulk payment functionality, wide European coverage, and secure, developer-friendly APIs. It is one of the most complete open banking solutions for high-volume PSP operations.