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The instruments can require significant documentation and mediation from both parties involved and historically, they have been more of a side-line market in the wider foreign exchange sphere, making them less liquid and less transparent, and also making it far easier to move markets.
The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. Booking tickets Set up automatic payments for Airline, train or bus ticket booking. The payer can cancel the e-Mandate anytime by contacting their bank or the payee.
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