The New Cross-Border Payments Rulebook: What MoRs Must Know About RBI’s PA-CB Norms
A Cross-Border Merchant of Record (“MoR”) is an entity that offers and delivers services across national boundaries, entering contracts directly with overseas customers. Unlike marketplaces or facilitators, an MoR is the principal in a transaction, responsible for the service delivery, invoicing, taxation, and compliance with both domestic and international regulatory frameworks. While the customer purchases […]
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