Outward Remittance

LRS outward remittances powered by deep integrations with top AD Category-I banks

Key Features

  • LRS-ready flows with purpose code capture, declarations, and audit trails

  • Deep integrations with leading AD Category-I banks for smoother processing and faster execution

  • Automated compliance checks (sanctions/AML screening) and exception handling

  • End-to-end status tracking: initiated → processing → completed/failed

Technical Scalability

  • Supports high-volume remittance initiation through API batching

  • Resilient processing with retry + exception routing for manual review

  • Detailed event logs/audit trails to support regulated operations at scale

Glomo Payments IFSC Private Limited (“Glomo”) is an authorised Payment Services Provider under the IFSCA (Payment Services) Regulations, 2024 (Authorisation No. IFSC/PSP/2024-25/001), permitted to offer account and e-money issuance, cross-border transfers, merchant acquisition, and escrow services.

Glomo. All right reserved. © 2024

Glomo Payments IFSC Private Limited (“Glomo”) is an authorised Payment Services Provider under the IFSCA (Payment Services) Regulations, 2024 (Authorisation No. IFSC/PSP/2024-25/001), permitted to offer account and e-money issuance, cross-border transfers, merchant acquisition, and escrow services.

Glomo. All right reserved. © 2024

Glomo Payments IFSC Private Limited (“Glomo”) is an authorised Payment Services Provider under the IFSCA (Payment Services) Regulations, 2024 (Authorisation No. IFSC/PSP/2024-25/001), permitted to offer account and e-money issuance, cross-border transfers, merchant acquisition, and escrow services.

Glomo. All right reserved. © 2024

Glomo Payments IFSC Private Limited (“Glomo”) is an authorised Payment Services Provider under the IFSCA (Payment Services) Regulations, 2024 (Authorisation No. IFSC/PSP/2024-25/001), permitted to offer account and e-money issuance, cross-border transfers, merchant acquisition, and escrow services.

Glomo. All right reserved. © 2024