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Currently, you can only make payments using the app while you're in India. Your wallet will remain active and you can use the funds next time you visit again.
by sudshekhar 3y ago
Currently, you can only make payments using the app while you're in India.
Your wallet will remain active and you can use the funds next time you visit again.
But we have geofencing restrictions which prevent customers from initiating payments while outside the country. Due to certain regulatory restrictions.
- toomuchtodo 3y agoUnderstandable. Thank you for the reply, great product, best of luck!
- orochimaaru 3y agoWon’t vpns circumvent geofencing? I use one often.
- linolo 3y agoYup they will. Because of Reserve Bank of India guidelines, Cheq needs to at least show that they are making an effort to prevent domestic transactions being made outside India
- OJFord 3y agoWhat's the reasoning here? AML somehow? Or just that large amounts transferred in should be subject to import tax (that just doesn't seem like it would be RBI concern)? Because, on a basic high-level look, why would a country not want inflows of foreign cash, typically you do want to sell goods/services for foreign money, good for GDP.
- sudshekhar 3y agoI agree. In principle, there shouldn't be a concern allowing people to access their own money from anywhere in the world. However the product category itself is very new right now. We'll have to demonstrate strong customer need before approvals might be granted.