Outward Remittance

The benefits of making outward remittance using EximPe are:

• Track the movement of funds from your EximPe account.
• Record order and payment related information in EximPe, making EximPe the source of truth for outwards transactions. 
• Secure payments.

Here are the steps to follow to make outward transactions in EximPe:

Step 1: Create order. 

Create an order with Open Payments as the payment method. 

Step 2: Initiate payment.

The next step is to process the payment for the seller in EximPe

• Go to the Orderbook section.
• Find the order created. Looks for orders with the Order Type: Import.
• Click the New Payment option on the order details page. 

Step 3: Fill in payment details.

Fill in the following details on the Payment Details page:

• Remittance Amount: Enter the amount and select the currency.
• Expected Date of Transfer.
• Invoice Number(s): If there are multiple invoices, leave a space after each invoice number.
• Purpose Code: Select the Purpose Code from the list
• Beneficiary Bank Details: EximPe populates the seller’s bank account details based on the documents.
• Click Save and Proceed.

Step 3.1 Add seller's bank account details(optional)

If the seller's bank account information has not been added to EximPe, you can add the details using the Add Bank Details option.

Step 4: Upload Documents. 

Upload the supporting documents before initiating the payment. The documents required will depend on the Purpose Code selected in Step 3.

• Upload the Import Payments Request Form. Download the format using the Download format option, fill up the form and upload it. 
• Upload the rest of the documents.
• Once all the documents are uploaded, click Submit for Verification.
• EximPe will verify the Import Payments Request Form, approve the document and update the same on the Payment Details page.

Step 5: Accept rate and initiate payment.

Once the documents are verified, you will be presented the final amount in INR. You can find the details on the Accept and Pay tab

• Check the box to acknowledge the rates.
• If the payment is not initiated within 10 seconds, click Refresh Rate to find the latest FX rate. 
• Verify the final rate and click Initiate Payment.
• EximPe will send a 6-digit OTP. Enter the OTP and click Confirm.
• EximPe will confirm the rates and transfer funds to your seller.

You will receive an email with the details of the transaction

Step 6: Track payment.

Track the status of the fund transfer in the Track Payment tab. You can access the Transaction Reference Number on this page.

Additionally, the Download option gives access to download the following documents:

• EximPe Debit Advice
• SWIFT Receipt
• Tax Advice Receipt
• Transaction Advice Receipt