Overview
Many global employers are headquartered in one country but have teams across regions. Employees may prefer to be paid in local currencies, while employers may receive funds in stablecoins or a single base currency. Tazapay simplifies this by enabling you to hold funds centrally, convert currencies only when needed, and execute payouts through local payment rails.How Tazapay Helps
Central Treasury
Collect funds into a central Tazapay balance
Multi-Currency Holdings
Hold funds in multiple currencies
On-Demand FX
FX is applied only when needed
Local Rails
Execute payouts using local bank transfers or supported rails
Integration Flow
1
Fund Your Account
Employer funds their Tazapay account via bank transfer or supported funding method.
2
Credit Holding Balances
Funds are credited to your holding balances in your preferred currencies.
3
Initiate Payouts
Employer initiates payouts to employee bank accounts via API or dashboard.
4
Tazapay Handles the Rest
Tazapay manages FX conversion, local payment rails, and settlement.
5
Track and Reconcile
Monitor payout status and reconciliation 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 US-based employer receives funds in USDC, holds balances in USD and EUR, and pays employees in INR, EUR, and USD.
Employer Setup
- Funding currency: USDC
- Holding currencies: USD, EUR
Employee Payouts
India
INR via local bank transfer
Europe
EUR via SEPA
United States
USD via ACH
What Tazapay Handles
Currency conversion at competitive rates
Local payout networks (IMPS, SEPA, ACH, etc.)
Compliance and reconciliation