Settlements
Last-Mile Digital Settlements in Local Currency
Reach bank accounts, mobile wallets, and cash-out points across high-growth markets, with automatic FX conversion and real-time delivery confirmation.
Settlements
Reach bank accounts, mobile wallets, and cash-out points across high-growth markets, with automatic FX conversion and real-time delivery confirmation.
The Last-Mile Problem
The last mile — converting to local currency and settling to the right account, wallet, or cash-out point — is where most providers fail. Fragmented local rails, inconsistent mobile money integrations, and limited cash network coverage leave recipients waiting and platforms scrambling.
Meridian's local payout network handles the last mile end-to-end. Pre-built integrations with local banks, mobile money operators, and cash agent networks mean your funds arrive where they need to go — without the operational overhead of managing each rail yourself.
How It Works
Submit a payout request via API, dashboard, or batch file upload with recipient details and the amount to settle.
Meridian automatically converts USD to local currency at competitive wholesale FX rates — no hidden spreads, no manual intervention.
Meridian routes the payout to the optimal local rail — bank transfer, mobile wallet, or cash pickup — based on recipient details and availability.
Funds are delivered to the recipient's bank account, mobile wallet, or designated cash pickup point in real time or near real time.
Key Features
Direct credit to local bank accounts across United States, European Union, Philippines, Singapore, Hong Kong, Nigeria, Brazil, and Mexico, and more. No intermediary required.
Native integrations with GCash, MTN MoMo, and other leading mobile money operators for instant wallet credits.
Reach unbanked recipients through extensive agent networks and cash-out point coverage in key high-growth markets.
Webhook notifications at every stage — initiated, converted, routed, delivered — so your platform always knows payout status.
Settle to thousands of recipients in a single operation via REST API or SFTP file upload — ideal for payroll, marketplace, and gig economy platforms.
Meridian automatically selects the fastest and most cost-effective payout rail per transaction, with fallback logic to ensure delivery.
Technical Details
Controls & Compliance
KYC checks on payout recipients to meet local regulatory requirements before funds are released.
Every recipient screened against OFAC, UN, EU, and local sanctions lists in real time.
Automated rules-based monitoring for unusual payout patterns and high-risk corridors.
Formatted reports for local financial intelligence units and cross-border reporting obligations.
Velocity limits, device fingerprinting, and anomaly detection to prevent fraudulent settlements.
Integration
A single API call initiates the full payout flow — FX conversion, routing, and delivery — regardless of the destination method or market.
Meridian handles the local rail connectivity, currency conversion, and compliance checks. You specify the recipient and the amount. We handle the rest.
View API documentationcurl -X POST https://api.meridian.com/v1/payouts \
-H "Authorization: Bearer sk_live_..." \
-H "Content-Type: application/json" \
-d '{
"amount": 25000,
"currency": "PHP",
"method": "bank_transfer",
"recipient": {
"name": "Juan dela Cruz",
"bank_code": "BDO",
"account_number": "002345678901",
"country": "PH"
},
"reference": "PAYROLL-2025-Q2-00842",
"metadata": {
"department": "operations",
"employee_id": "EMP-4821"
}
}'
Coverage
Meridian's payout coverage is built on pre-integrated relationships with local payment rails, mobile money operators, and cash-out networks — not on-demand third-party routing that adds latency and cost.
Each market integration is purpose-built and maintained to meet local regulatory requirements, ensuring high delivery rates and real-time status across every corridor we support.
Frequently Asked Questions
Meridian supports direct bank account credits, mobile wallet payouts (GCash, MTN MoMo, and others), and cash pickup through agent networks. The optimal method is selected automatically based on the destination market and recipient details.
Meridian covers United States, European Union, Philippines, Singapore, Hong Kong, Nigeria, Brazil, and Mexico, and additional high-growth markets. Coverage is expanding continuously. Contact our team for the latest list of supported destinations and payout methods per market.
Most bank account and mobile wallet payouts are delivered in real time or near real time. Exact timing varies by market and payout method. Cash pickup is available as soon as the transaction is confirmed. Status updates are provided at every stage via webhook or the portal.
When a payout is initiated in USD or EUR, Meridian automatically converts to the local currency at competitive wholesale FX rates. Pricing is transparent with no hidden spreads. The recipient receives the full local currency amount.
Yes. Meridian supports batch settlements through the API or via file upload through the Transaction Banking Portal. Process thousands of payouts in a single request for payroll, remittance, or marketplace settlement use cases.
Real-time status updates are provided at every stage — from initiation through conversion, routing, and delivery confirmation. Updates are available via webhooks, the API, or the Transaction Banking Portal dashboard.
All recipients are verified, and every transaction is screened against sanctions lists and monitored for suspicious activity. Meridian handles regulatory reporting for each destination market and maintains full audit trails for every payout.
No. Payouts can be initiated and managed through the Meridian Transaction Banking Portal without any technical integration. The portal supports single payouts, batch uploads, status tracking, and full reporting.
Talk to our team about your payout corridors and volumes. We'll show you how quickly you can go live with local settlements across high-growth markets.