Fund Transfer Network

To achieve our goal of making payouts more and more predictable, we now allow users to specify a fund transfer network in case of a local payout. For example,

• IMPS, NEFT, RTGS are the fund transfer networks that we support for INR
• SEPA, SEPA Instant, Target2 are the fund transfer networks that we support for EUR
• Fedwire and FedACH are the fund transfer networks that we support for USD

You can add FTN for a payout by both API as well as the dashboard.

Dashboard

1. Click on Create Payoutunder the Payouts tab in the merchant dashboard.
2. Select the beneficiary for the payout.
3. Enter the payout amount and currency, once you do, you will get an option to select the fund transfer network that can be used to clear this payout.

API

1. In the create payout API , add the below field to specify the fund transfer network -

 "local": {
    "fund_transfer_network": "imps"
 }

Checkout the API reference for complete API request and response.

Get the list of fund transfer networks available in a particular corridor

You can access the complete list of fund transfer networks available in a particular corridor through the Payout metadata API. Access payout_method.fund_transfer_networks for a payout_type equals to local to get the details.

"fund_transfer_networks": [
  {
    "additional_information": "",
    "name": "imps",
    "remitter_preference_support": true,
    "transfer_limit": {
      "currency": "INR",
      "maximum": 152739587,
      "minimum": 90
    }
  },
  {
    "additional_information": "",
    "name": "neft",
    "remitter_preference_support": true,
    "transfer_limit": {
      "currency": "INR",
      "maximum": 152739587,
      "minimum": 90
    }
  },
  {
    "additional_information": "",
    "name": "rtgs",
    "remitter_preference_support": true,
    "transfer_limit": {
      "currency": "INR",
      "maximum": 152739587,
      "minimum": 90
    }
  }
]