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What are export payments and how to choose the right one for your business?

Razorpay

This is done by providing specific documents, which upon verification by the banks, releases payment from the buyer’s bank to the exporter’s bank. However, it is an extremely labour intensive method as it requires providing detailed documents that are prone to errors and discrepancies.

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What Is eMandate: Meaning and How Does It Work?

Razorpay

You compared other banks, gathered documents, submitted them, and waited for verification. The NPCI mediates in case of any disputes or issues arising from such transactions and ensures compliance with the regulatory guidelines. In 2001, you needed money and had to take a bank loan. In 2018, eMandate was introduced.

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