Remittance
Remittance payments allow a user to send funds from an external source to a recipient in another country, often involving a currency exchange and cross-border processing.
These payments are typically used for sending money to family members, paying for services internationally, or transferring funds to a recipient’s foreign bank account.
Field
Value
type
REMITTANCE
origins
One internal account or external payment method.
destinations
One external bank accounts.
Ownership
Only the account owner has the privileges to initiate a remittance.
Settlement Time
The settlement time depends on the origin, destination country and the selected payment rail.
Bulk Payments
To perform a bulk payment for disbursement using REMITTANCE
:
Structure: one origin and multiple external destinations
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