# Definitions

# Order

An order, also known as a transaction, is an offer to send money from one country to another.

# Match

A match is an agreement to fulfill an order.

# Poster

A poster is a person who initiates the transaction by posting an offer. This individual is the bank's customer.

# Matcher

A matcher is a person who matches the poster's transaction by viewing offers and agreeing to match the offer.

# Beneficiary

The people who the poster and matcher wish to send money to.

  • The matcher pays the poster's beneficiary.
  • The poster pays the matcher's beneficiary.

# Transaction ID

Transaction ID is the same as the Order ID. When you submit an order the Order ID is in the id field. When viewing a match the Order ID is in the order_id field.

# Illustrations

# Typical International Money Transfer Process

Typical International Money Transfer Process

# P2P Money Swaps By Banks Powered By Kaoshi

P2P Money Swaps By Banks Powered By Kaoshi