what is 307 payment data
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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307 payment data is the information that is routed to a baino currency beneficiary, which is further forwarded to the actual depositor of funds, directly into the receiver’s Memoir Account. These 307 payment data varies depending on the exact payment gateway that is chosen by the end-depositor.
For example, if the depositor chooses to deposit baino currency using western union. Then, the 307 payment data will most likely include; Name, Address, and Phone, provided by IoT.