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CODE 050.0053 N. 27.04.21 April 27, 2021, No 53 N ON APPROVAL OF REGULATION 19.1 RULES OF COOPERATION BETWEEN ARMENIAN AND FOREIGN MONEY TRANSFER PAYMENT AND SETTLEMENT SYSTEMS AND REPEAL OF REPUBLIC
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Businesses that operate internationally and need to send or receive payments across borders.
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Cross-border payments integration is the process of connecting different payment systems across different countries to facilitate seamless cross-border transactions.
Financial institutions, payment service providers, and other entities involved in cross-border transactions are required to file cross-border payments integration.
Cross-border payments integration forms can typically be filled out online through designated platforms provided by regulatory authorities.
The purpose of cross-border payments integration is to improve the efficiency, transparency, and security of cross-border transactions while ensuring compliance with regulatory requirements.
Information such as the sender's and receiver's details, transaction amount, currency conversion rate, purpose of payment, and any associated fees must be reported on cross-border payments integration forms.
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