14.2 Remittance Information Enhancement
This topic describes the information about Remittance Information Enhancement workflow.
Users can now enter remittance information as unstructured remittance information of length 140 characters.
As supported by MX, when making international payments across all types, including saved and adhoc payees, low value payments, and standing instructions (SI).
Note:
- Existing Payment Details input is retained for MT-type payments.
- Banks can configure whether to use MT-type or MX-type remittance.
- Transfers – Existing Payee
- Transfers – Adhoc Payee
- Repeat Transfers – Existing Payee
- International Low Value Payment
- Multiple Transfers
Navigation Path
- Toggle menu > Payments >Transfers > Transfers – Existing / Adhoc Payee
- Maker Dashboard > Quick Links > Transfers - Transfers – Existing / Adhoc Payee
- Toggle menu > Payments >Transfers > Repeat Transfers – Existing Payee
- Maker Dashboard > Quick Links > Transfers - Repeat Transfers – Existing Payee
- Toggle menu > Payments >Transfers > Multiple Transfers
- Maker Dashboard > Quick Links > Transfers - Multiple Transfers
- Toggle menu > Payments >Transfers > International Low Value Payment
- Maker Dashboard > Quick Links > Transfers - International Low Value Payment
Figure 14-13 Remittance Information – Unstructured
Users can add the information as normal text.
Users can now enter unstructured remittance information while making the international fund transfer. It will be a Free-text input with length of 140 characters. Allowed characters under this field are -
a-z A-Z 0-9 / - ? : ( ) . , ' + ! # & % * = ^ _ ` { | } ~ " ; @ [ \ ]