What is MEMO?

MEMO is an equivalent of the payment purpose field in the crypto world.

When a user transfers funds from their PayCash wallet, for example, to a crypto exchange, it is mandatory to specify the «МЕМО» from the details, as it is by the «МЕМО» that the crypto exchange identifies which account to credit the replenishment to.

Also, various special payments, for example, for participation in an apartment contest from the LiST Family Association require mandatory indication of «МЕМО».

For transfers from wallet to wallet between PayCash users, «МЕМО» does not need to be specified.

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