- Transfer of funds without opening an account is a payment service provided to transfer funds in cash or cashless forms to the recipient or payment service provider without using an open account.
- In this case, there are three participants: the company, the consumer, and the financial institution acting as an intermediary.
- The payment instruction must contain information to identify the payer and recipient, account numbers, payment amount, and other necessary details for the payment operation.
- Additional details may be required by the payment system or the provider’s internal rules.
- In case of remote communication, the payment instruction details can be automatically filled based on the information obtained during the payer’s identification process.
Source: news.dtkt.ua
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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