6 Regionalization for Cross Border Payments
This topic describes how regionalization for domestic payments involves systems to align with the specific requirements and standards of each region.
Regionalization for cross border payments involves systems to align with the specific requirements and standards of each region. This includes defining fields such as networks supported, account types, currencies, charges, etc. that can vary from one region to another. By customizing these fields according to regional specifications, implementation partners can enhance the reliability of cross border payment transactions, ensuring they meet local regulatory requirements and customer expectations.
Implementation partners have the flexibility to customize cross border payee and payment fields to meet the specific requirements of each region.
Below are the regions for which configurations are provided out of box:
- India
- SEPA region
- US
Networks Supported
Table 6-1 Field Description - Networks Supported
| Region | Networks |
|---|---|
| India |
|
| SEPA region |
|
| US |
|