Payouts Network

This sections outlines Decentro's payout network and the mandatory beneficiary account details required for all payout scenarios.

1. United States (USD) Beneficiary

A platform can initiate payouts to beneficiary accounts in USD using three payment methods - ACH, FEDWIRE and SWIFT. Here, ACH and FEDWIRE are local transfers and SWIFT is cross-border.

  • ACH

Required FieldsRemarks
Beneficiary account currencyMust be USD
Account nameAccount holder name of the recipient’s bank account
Account numberUpto 17 digits
Account routing parameteraba
Bank country codeMust be US
  • FEDWIRE

Required FieldsRemarks
Beneficiary account currencyMust be USD
Account nameAccount holder name of the recipient’s bank account
Account numberUpto 17 digits
Account routing parameteraba
Bank country codeMust be US
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyUSD
Account nameAccount holder name of the recipient’s bank account
Account numberUpto 17 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be US

2. Australia (AUD) Beneficiary

A platform can initiate payouts to beneficiary accounts in AUD using two payment methods - BANK_TRASNFER and SWIFT. Here, BANK_TRANSFER is a local transfer and SWIFT is cross-border.

  • BANK_TRANSFER

Required FieldsRemarks
Beneficiary account currencyMust be AUD
Account nameAccount holder name of the recipient’s bank account
Account number4-9 digits
Account routing parameterbsb
Bank country codeMust be AU
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyAUD
Account nameAccount holder name of the recipient’s bank account
Account numberUpto 17 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be AU

3. Singapore (SGD) Beneficiary

A platform can initiate payouts to beneficiary accounts in SGD using four payment methods - FAST, GIRO, RTGS and SWIFT. Here, FAST, GIRO, RTGS are local transfer and SWIFT is cross-border.

  • FAST

Required FieldsRemarks
Beneficiary account currencyMust be SGD
Account nameAccount holder name of the recipient’s bank account
Account number7-17 Characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be SG
  • GIRO

Required FieldsRemarks
Beneficiary account currencyMust be SGD
Account nameAccount holder name of the recipient’s bank account
Account number7-17 Characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be SG
  • RTGS

Required FieldsRemarks
Beneficiary account currencyMust be SGD
Account nameAccount holder name of the recipient’s bank account
Account number7-17 Characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be SG
  • SWIFT

Required FieldsRemarks
Beneficiary account currencySGD
Account nameAccount holder name of the recipient’s bank account
Account number7-17 Characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be SG

4. Canada (CAD) Beneficiary

A platform can initiate payouts to beneficiary accounts in CAD either on domestic Canadian rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be CAD
Account nameAccount holder name of the recipient’s bank account
Account number7-21 digits
Account routing parameter 1institution_number
Account routing parameter 2transit_number
Bank country codeMust be CA
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyCAD
Account nameAccount holder name of the recipient’s bank account
Account number7-17 Characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be CA

5. EUR Beneficiary

A platform can initiate payouts to beneficiary accounts in EUR either via SEPA or via the SWIFT. SEPA is supported only for European Union member countries

  • SEPA

Required FieldsRemarks
Beneficiary account currencyMust be EUR
Account nameAccount holder name of the recipient’s bank account
IBANShould be a valid and supported IBAN starting with country code of beneficiary country
Bank country codeTwo digit country code of European Union member countries
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be EUR
Account nameAccount holder name of the recipient’s bank account
IBANShould be a valid and supported IBAN starting with country code of beneficiary country
Bank country codeTwo digit country code of European Union member countries

6. United Kingdom (GBP) Beneficiary

A platform can initiate payouts to beneficiary accounts in GBP via FASTER_PAYMENTS or SWIFT. FASTER_PAYMENT is United Kingdom's domestic rails that operate on GBP currency.

  • FASTER_PAYMENTS

Required FieldsRemarks
Beneficiary account currencyMust be GBP
Account nameAccount holder name of the recipient’s bank account
Account number8 digits
Account routing parameter 1sort_code
Bank country codeMust be GB
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyGBP
Account nameAccount holder name of the recipient’s bank account
IBANShould be a valid and supported IBAN starting with country code of beneficiary country
Bank country codeMust be GB

7. Honk Kong (HKD) Beneficiary

A platform can initiate payouts to beneficiary accounts in HKD via ACH, FPS, RTGS or SWIFT. ACH, FPS and RTGS are Honk Kong's local payment methods.

  • ACH

Required FieldsRemarks
Beneficiary account currencyMust be HKD
Account nameAccount holder name of the recipient’s bank account
Account number8-17 digits
Account routing parameterbank_code
Bank country codeMust be HK
  • FPS

Required FieldsRemarks
Beneficiary account currencyMust be HKD
Account nameAccount holder name of the recipient’s bank account
Account number8-17 digits
Account routing parameterbank_code
Bank country codeMust be HK
  • RTGS

Required FieldsRemarks
Beneficiary account currencyMust be HKD
Account nameAccount holder name of the recipient’s bank account
Account number8-17 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be HK
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be HKD
Account nameAccount holder name of the recipient’s bank account
Account number8-17 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be HK

8. China (CNY) Beneficiary

A platform can initiate payouts to beneficiary accounts in CNY either on domestic Chinese rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be CNY
Account nameAccount holder name of the recipient’s bank account
Account number8-34 digits
Account routing parametercnaps
Bank country codeMust be CN
Bank nameName of beneficiary's bank
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be CNY
Account nameAccount holder name of the recipient’s bank account
Account number8-17 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be CN

9. Indonesia (IDR) Beneficiary

A platform can initiate payouts to beneficiary accounts in IDR either on domestic Chinese rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be IDR
Account nameAccount holder name of the recipient’s bank account
Account numberUpto 22 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be ID
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be IDR
Account nameAccount holder name of the recipient’s bank account
Account numberUpto 22 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be ID

10. India (INR) Beneficiary

A platform can initiate payouts to beneficiary accounts in INR either on domestic Indian rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be INR
Account nameAccount holder name of the recipient’s bank account
Account number9-18 digits
Account routing parameterbank_code
Bank country codeMust be IN
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be INR
Account nameAccount holder name of the recipient’s bank account
Account number9-29 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be IN

11. Nepal (NPR) Beneficiary

A platform can initiate payouts to beneficiary accounts in NPR either on domestic rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be NPR
Account nameAccount holder name of the recipient’s bank account
Account numberUp to 50 alphanumeric characters
Account routing parameterbank_code
Bank country codeMust be NP
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be NPR
Account nameAccount holder name of the recipient’s bank account
Account numberUp to 50 alphanumeric characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be NP

12. Vietnam (VND) Beneficiary

A platform can initiate payouts to beneficiary accounts in VND either on domestic rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be VND
Account nameAccount holder name of the recipient’s bank account
Account numberUp to 20 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be VN
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be VND
Account nameAccount holder name of the recipient’s bank account
Account numberUp to 20 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be VN

13. Malaysia (MYR) Beneficiary

A platform can initiate payouts to beneficiary accounts in MYR either on domestic Malaysian rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be MYR
Account nameAccount holder name of the recipient’s bank account
Account number5-19 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be MY
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be MYR
Account nameAccount holder name of the recipient’s bank account
Account number5-19 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be MY

14. Philippines (PHP) Beneficiary

A platform can initiate payouts to beneficiary accounts in PHP either on domestic rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be PHP
Account nameAccount holder name of the recipient’s bank account
Account number8-16 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be PHP
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be PHP
Account nameAccount holder name of the recipient’s bank account
Account number8-16 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be PHP

15. South Korea (KRW)

A platform can initiate payouts to beneficiary accounts in KRW either on domestic rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be KWR
Account nameAccount holder name of the recipient’s bank account
Account number7-16 alphanumeric characters
Account routing parameterbank_code
Bank country codeMust be KR
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be KWR
Account nameAccount holder name of the recipient’s bank account
Account number7-16 alphanumeric characters
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be KR

16. Thailand (THB) Beneficiary

A platform can initiate payouts to beneficiary accounts in THB either on domestic rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be THB
Account nameAccount holder name of the recipient’s bank account
Account number7-12 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be TH
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be THB
Account nameAccount holder name of the recipient’s bank account
Account number7-12 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be TH

17. New Zealand (NZD) Beneficiary

A platform can initiate payouts to beneficiary accounts in NZD using local payment method - BANK_TRANSFER or SWIFT.

  • BANK_TRANSFER

Required FieldsRemarks
Beneficiary account currencyMust be NZD
Account nameAccount holder name of the recipient’s bank account
Account number15-17 digits
Bank country codeMust be NZ
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be NZD
Account nameAccount holder name of the recipient’s bank account
Account number15-17 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code

18. Japan (JPY) Beneficiary

A platform can initiate payouts to beneficiary accounts in JPY either on domestic rails or via the cross border SWIFT rails. For domestic, the payment method to be used will be LOCAL.

  • LOCAL

Required FieldsRemarks
Beneficiary account currencyMust be JPY
Account nameAccount holder name of the recipient’s bank account
Account number7 digits
Account routing parameter 1bank_code
Account routing parameter 2branch_code
Bank account categorySAVINGS for INDIVIDUAL entity and CHECKING for BUSINESS entity
Bank country codeMust be JP
  • SWIFT

Required FieldsRemarks
Beneficiary account currencyMust be JPY
Account nameAccount holder name of the recipient’s bank account
Account number5-19 digits
SWIFT codeShould be a valid and supported BIC-8 or BIC-11 code
Bank country codeMust be JP