Payout Purpose Codes

Purpose of payment codes are required when initiating international transfers. Each code corresponds to a specific transaction category and helps ensure regulatory compliance.

Code	Purpose
POP001	Transfer between company owned accounts
POP002	Payment for goods
POP003	Payment for imported goods
POP004	Payment for services
POP005	Payment for software
POP006	Travel services
POP007	Vendor/Contractor payouts
POP008	Payroll and employee salary
POP009	Employee reimbursement and bonus
POP010	Investment in shares
POP011	Mutual fund investment
POP012	Crypto related transfer
POP013	Purchase of property
POP014	Property rental payment
POP015	Operating expenses (Utilities, legal services)
POP016	Loan repayment
POP017	Information service charges
POP018	Advertising and public relations expenses
POP019	Royalty, trademark, patent, and copyright fees
POP020	Broker, front end, commitment, guarantee and custodian fees
POP021	Advisory, technical assistance, and specialist fees
POP022	Representative office expenses
POP023	Tax payment
POP024	Transportation fees for goods
POP025	Construction costs and expenses
POP026	Insurance premium
POP027	Insurance claims payment
POP028	Family maintenance
POP029	Education-related student expenses
POP030	Medical treatment
POP031	Donations
POP032	Other