Overview
Distributed teams often incur expenses in different currencies. Traditional reimbursement flows are slow, expensive, and hard to track.How Tazapay Helps
Central Treasury
Central treasury funds reimbursements
Local Currency Payouts
Local currency payouts to employee bank accounts
Faster Settlement
Faster settlement compared to international wires
Easy Reconciliation
Simplified reconciliation per employee or region
Integration Flow
1
Fund Account
Company funds its Tazapay account
2
Credit Balances
Funds are credited to holding balances
3
Initiate Payouts
Reimbursement payouts are initiated to employee bank accounts
4
Handle FX & Settlement
Tazapay handles FX, local rails, and settlement
5
Track & Reconcile
Payout status and reconciliation are tracked via APIs and dashboard
APIs Involved
| Purpose | API | Endpoint |
|---|---|---|
| View holding balances | Fetch Balances | /v3/balances |
| Create payout | Create Payout | /v3/payouts |
| Track payout status | Fetch Payout | /v3/payouts/{id} |
| Reconciliation | Fetch Balance Transactions | /v3/balance_transaction/{id} |
| Event handling | Webhooks | payout.* |
Example
A global company with remote employees:- Employees incur expenses in multiple countries (travel, tools, local vendors)
- The company maintains a central balance on Tazapay
- Reimbursements are processed in:
- INR for employees in India
- EUR for employees in Europe
- USD for employees in the US
Tazapay handles local currency payouts, faster reimbursements, and simplified reconciliation across regions.