1.1 Payments Regionalization

This topic provides an overview of regionalization within the Payments module.

Payment’s regionalization enables the system to align with the specific requirements, standards, and regulatory frameworks of different regions. For instance, in the context of domestic payments, regionalization allows configuration of fields such as supported clearing networks (e.g., Faster Payments in the UK or ACH in the US), account types, permitted currencies, charge structures, and processing rules, all of which can vary by region.

By enabling such region-specific configurations, implementation partners can ensure that payment journeys—whether domestic or otherwise—are compliant with local regulations, aligned with banking standards and tailored to customer expectations. This approach improves the accuracy, reliability, and flexibility of payment processing across geographies.

Implementation partners have the flexibility to customize domestic payee and payment fields to meet the specific requirements of each region.

Below are the regions for which configurations are provided out of box:

• India
• SEPA region
• US
• UK

Networks for the above supported regions:

Table 1-1 Networks Supported

Region	Networks
India	RTGS NEFT IMPS
SEPA region	SEPA Credit Transfer SEPA Instant Credit
US	ACH Transfer Faster ACH Transfer Domestic Wire Transfer
UK	Faster Payment CHAPS BACS SEPA Credit Transfer SEPA Instant Credit