Can Businesses Use IBG for Bulk Payments?
Businesses can utilize IBG for bulk payments such as salary disbursements, supplier payments, or government collections by uploading batch payment files via their bank’s corporate banking platform. This streamlines payment processing, reduces administrative effort, and ensures timely fund transfers. Bulk IBG payments are processed with the same security and timeliness as individual transactions.
💡 Tip: Check with your bank for file format requirements and cutoff times when submitting batch IBG payment files to avoid processing delays.