Sender & Beneficiary

Sender is an entity from which the payout amount is debited or is the source of the payout transaction. Senders are created on the FInmo platform, as the payouts are conducted keeping them as source

Beneficiary is the receiver of the payout transaction or the destination of the payout. Beneficiaries are generally External Bank Accounts or similar, thus the necessary Bank Account information needs to be input.

These sections show a comprehensive tabular view of the Senders' and Beneficiaries' details created by the Merchant and also enable the Merchant to create new ones as per the requirement.

*Sender and Beneficiary, both can be created as a Company or as in Individual.

Sender:

How to Create a Payout Sender

Beneficiary

How to Create Payout Beneficiary