Insurance companies
Insurance companies can leverage RazorpayX payout and payroll features to enable hassle free transactions and employee management.Seamless Claim Settlements
- Settle claims instantly using RazorpayX Payout Links.
- Choose between multiple Current Accounts or RazorpayX Lite for claim settlements.
- Create Sub Accounts for better payment segregation.
- Overcome delays due bank downtimes and experience hassle free claim settlements using RazorpayX’s Multi-bank Routing feature.
- Set up approval workflows on RazorpayX Dashboard for channeling payouts for different levels of approvals.
Bulk Payouts to Advisors
- Execute payouts in bulk to insurance agents/advisors using Bulk Payouts Links.
- Schedule payouts in advance for future disbursements.
Employees and Vendor Portals
- Set roles and permissions for different categories of users using Create User Roles and enable controlled access.
- Use RazorpayX Payroll for managing employee onboarding, attendance, salaries, payment to contract employees, TDS and more.
NBFCs and Lending services
RazorpayX’s lending tech stack can be used to credit instant loans to customers while ensuring compliance.Quick and Simple Loan Disbursals
- Offer instant loan credits by using RazorpayX Payout Links through multiple Current Accounts or RazorpayX Lite.
- Leverage RazorpayX’s tech stack to ensure financial, regulatory and legal compliance in lending.
- Use Sub Accounts for better payment segregation.
- Utilize RazorpayX’s Multi-bank Routing feature to overcome bank downtimes and experience hassle free loan payouts.
- Route payouts for different levels of approvals by setting up Approval Workflow on RazorpayX Dashboard.
Bulk Payments to Agents
- Enable bulk payouts to agents/advisors using Bulk Payouts Links.
- Manage and reconcile transactions across multiple accounts through a single Dashboard.
- Create individual or bulk payouts to process hundreds of transactions at once.
- Make payouts to bank accounts, debit cards, credit cards, or prepaid cards.
Employees and Contractor Portal
- Set up user roles and permissions for different categories of users using Create User Roles and enable controlled access.
- Manage employee onboarding, attendance, salaries, payment to contract employees, TDS and more using RazorpayX Payroll.
- Accurately calculate and disburse salaries automatically.
- Directly deposit into employees’ bank accounts without manual intervention.
- Calculate and deposit taxes and file returns.
Broking Platforms
Customer withdrawals can be completely automated using RazorpayX Payout APIs.Automate Customer Withdrawals
- Use Payout APIs to automate customer withdrawals.
- Approve or reject payouts using Payout Approval APIs.
- Enable fund tracking and ensure more clarity in payment management by using Sub Accounts.