{"id":25386,"date":"2026-01-12T12:40:45","date_gmt":"2026-01-12T07:10:45","guid":{"rendered":"https:\/\/blog.razorpay.in\/blog\/?p=25386"},"modified":"2026-03-16T16:10:00","modified_gmt":"2026-03-16T10:40:00","slug":"understanding-nostro-vostro-loro-accounts","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/understanding-nostro-vostro-loro-accounts\/","title":{"rendered":"Understanding Nostro, Vostro, and Loro Accounts for Global Payments"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Cross-border payments play a key role in how you sell software, deliver services, or ship goods overseas. With India\u2019s exports touching $824.9 billion in FY24-25, banks need reliable systems to move money across currencies and borders smoothly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is where Nostro, Vostro, and Loro accounts come in. Banks use Nostro accounts to hold foreign currency abroad, Vostro accounts to manage funds for overseas banks in India, and Loro accounts to route transactions between two other banks. Together, these accounts form the backbone of correspondent banking.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you understand Nostro, Vostro, and Loro accounts, global payments feel far less confusing. Read on to see how each account works and why it matters for your international transactions.<\/span><\/p>\n<div style=\"border-left: 4px solid #0073aa; background: #f0f8ff; padding: 15px; margin: 20px 0; border-radius: 5px;\">\n<h2 style=\"color: #0073aa; font-size: 18px; margin: 0 0 8px 0; display: inline-block;\">Key Takeaways<\/h2>\n<ul style=\"display: inline-block; margin: 0 0 0 10px; padding-left: 18px; vertical-align: top;\">\n<li><a href=\"https:\/\/razorpay.com\/blog\/nostro-account\/\">Nostro<\/a>, Vostro, and Loro accounts form the foundation of how banks move money across borders and settle foreign currency transactions.<\/li>\n<li>Traditional correspondent banking enables global reach but often comes with high costs, slower settlements, and operational complexity.<\/li>\n<li>Accurate reconciliation and risk management are essential to maintain control, compliance, and liquidity in <a href=\"https:\/\/razorpay.com\/blog\/cross-border-payments-guide\/\">cross-border payments<\/a>.<\/li>\n<li>Modern export accounts like the Razorpay <a href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/\">multi-currency account<\/a> help Indian businesses receive international payments faster, with better transparency and RBI compliance.<\/li>\n<\/ul>\n<\/div>\n<h2><b>What Are Nostro, Vostro, and Loro Accounts? An Essential Overview<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">International payments do not move directly from one bank to another. They pass through a network of partner banks that hold and manage funds on each other\u2019s behalf. This system, often facilitated through an <a href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/\">international payment gateway<\/a> or correspondent banking, makes cross-border payments possible even when your bank has no branch in the destination country.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the centre of correspondent banking are Nostro, Vostro, and Loro accounts. These terms help banks describe how and where funds are held during cross-border transactions. The transaction remains the same, only the banking perspective changes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nostro account is a bank\u2019s foreign currency account held with another bank overseas.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Vostro account is a foreign bank\u2019s account held with a domestic bank.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Loro account is a reference to an account between two other banks.<\/span><\/p>\n<h2><b>The Nostro Account: Our Money With You<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A Nostro account is how a bank keeps money in another country to settle foreign transactions efficiently. It plays a key role in foreign exchange and cross-border settlements.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Nostro account is held by a domestic bank with a foreign bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is maintained in the foreign currency of that country<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nostro means ours, reflecting the home bank\u2019s perspective<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banks use it to process international payments and foreign exchange conversions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It also helps manage liquidity for regular foreign currency outflows<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Example: An Indian SaaS company gets paid by a US client in dollars. The Indian bank uses its USD Nostro account with a US bank to receive the money before converting it to rupees and crediting the account.<\/span><\/p>\n<h2><b>The Vostro Account: Your Money With Us<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A Vostro account is the mirror image of a Nostro account, viewed from the domestic bank\u2019s side. It allows foreign banks to operate in another country without opening a local branch.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Vostro account belongs to a foreign bank but is held with a domestic bank<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It is typically maintained in the domestic currency<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Vostro means yours, indicating the foreign bank\u2019s ownership<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It supports local payouts, remittances, and settlements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It enables correspondent banking without a local branch<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\"><strong>Example<\/strong>: A UK company needs to pay an Indian freelancer in rupees. The UK bank uses its Vostro account with an Indian bank to make the local INR payment without opening a branch in India.<\/span><\/p>\n<p style=\"text-align: center;\"><a style=\"background-color: #1a73e8; color: #ffffff; font-weight: 800; padding: 7px 15px; border-radius: 7px; font-size: 16px; text-decoration: none; display: inline-block; white-space: nowrap;\" href=\"https:\/\/razorpay.com\/international-payment-gateway-india\/?utm_source=blog&amp;utm_medium=referral&amp;utm_campaign=internationalpayments\">Explore Razorpay&#8217;s Global Payment Solutions<\/a><\/p>\n<h2><b>The Loro Account: Their Money With Them<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A Loro account is not a physical account. It is a reference term banks use when describing relationships between two other banks.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A Loro account refers to an account held between two other banks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Loro means theirs, showing the account belongs to neither the sender nor the receiver<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banks use it in multi-bank transactions to avoid confusion, especially in SWIFT messages<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It helps keep interbank communication clear when payments pass through several banks<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\"><strong>Example<\/strong>: An Indian bank needs to send money to a client in the UK but does not hold an account there. It routes the payment through a US bank. The US bank uses its own account with a UK bank to complete the settlement. When the Indian bank refers to this US bank and UK bank account, it calls it a Loro account.<\/span><\/p>\n<h2><b>Why Do These Accounts Exist? The Backbone of Global Finance<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Long before modern payment networks, banks needed a practical way to support international trade. Nostro, Vostro, and Loro accounts emerged to bridge this gap and remain key to global banking.<\/span><\/p>\n<p><strong>These accounts exist because they help banks work together efficiently across countries.<\/strong><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Enable correspondent banking relationships that support trade where banks have no direct presence<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allow banks to offer international payments without opening overseas branches<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce risks and delays linked to physical cash movement and currency handling<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Support smooth interbank settlements and foreign currency liquidity management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strengthen financial stability by ensuring payments clear during market stress<\/span><\/li>\n<\/ol>\n<h2><b>Comparing Nostro, Vostro, and Loro Accounts<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The difference lies in the bank\u2019s point of view. The same funds may be called Nostro by one bank and Vostro by another. Loro is used only as a third-party reference.<\/span><\/p>\n<h3><b>Nostro account<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Meaning: Our money with you<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Perspective: Home bank\u2019s view<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Held by: Domestic bank with a foreign bank<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Currency: Foreign currency<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Nature: Actual bank account<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Accounting: Asset for the holding bank<\/span><\/p>\n<h3><b>Vostro account<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Meaning: Your money with us<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Perspective: Foreign bank\u2019s view<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Held by: Foreign bank with a domestic bank<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Currency: Domestic currency<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Nature: Actual bank account<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Accounting: Liability for the holding bank<\/span><\/p>\n<h3><b>Loro account<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Meaning: Their money with them<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Perspective: Third-party reference<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Held by: Not held by the referring bank, it is only a reference term<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Currency: Depends on the two other banks<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Nature: Reference term, not an account<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Accounting: No separate accounting treatment<\/span><\/p>\n<h2><b>How Do Nostro, Vostro, and Loro Accounts Facilitate International Payments?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">When you export goods or services and receive payment from an overseas buyer, your bank relies on a Nostro account held with a foreign correspondent bank. The buyer\u2019s bank may treat this as a Vostro relationship because it holds funds on behalf of your bank. This allows settlement in the buyer\u2019s currency.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For international remittances, funds move through correspondent banks that maintain these accounts. Each bank debits or credits Nostro or Vostro balances to complete the transfer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In more complex routes, a Loro reference helps when a third bank sits between the sending and receiving banks, ensuring everyone tracks the same account correctly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/razorpay.com\/learn\/what-is-swift\/\">SWIFT<\/a> messages coordinate these steps by carrying payment instructions, confirmations, and settlement details between banks.<\/span><\/p>\n<h2><b>Benefits and Challenges of Traditional Correspondent Banking<\/b><\/h2>\n<h3><b>What are the key benefits for banks and businesses?<\/b><\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banks and customers can access foreign markets without setting up branches everywhere<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">It supports trade and investment flows, helping exporters and service businesses send and receive funds worldwide<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Banks can manage foreign currency liquidity through Nostro balances held overseas<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Established interbank relationships help reduce settlement risk in cross-border transactions<\/span><\/li>\n<\/ol>\n<h3><b>What challenges do traditional methods pose?<\/b><\/h3>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transfers can involve high fees and multiple currency conversions, reducing the final amount received<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Settlement can be slow, with limited real-time visibility<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Compliance across jurisdictions adds delays and manual work<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Exchange rates can change between payment initiation and settlement, impacting the final amount<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Multiple intermediaries increase operational effort, making reconciliation and counterparty risk management critical<\/span><\/li>\n<\/ol>\n<h2><b>Modern Developments in International Payments<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While Nostro, Vostro, and Loro accounts still matter, cross-border payments are improving through speed, visibility, and cost control.<\/span><\/p>\n<h3><b>SWIFT GPI<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">It improves transfers with faster settlement, end-to-end tracking, and clearer fee visibility. SWIFT states that almost all GPI payments now reach the beneficiary within one day.<\/span><\/p>\n<h3><b>Fintech platforms and digital payment solutions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">They simplify international collections and payouts, reduce intermediaries, lower costs, and offer clearer timelines.<\/span><\/p>\n<h3><b>Blockchain-based systems and CBDCs<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Central banks are testing new settlement rails, including RBI digital rupee pilots, to explore faster and more secure cross-border settlement.<\/span><\/p>\n<h3><b>AI and automation<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Banks use automation to reconcile Nostro accounts faster and flag unusual transactions early, reducing errors and fraud risk.<\/span><\/p>\n<h2><b>Razorpay MoneySaver Export Account: Simplifying Cross-Border Transactions for Indian Businesses<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While correspondent banking still powers global payments, Indian exporters often need faster, clearer, and more cost-effective ways to receive money from abroad. Razorpay MoneySaver Export Account offers an option designed around how businesses get paid internationally.<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accept international payments from over 180 countries through bank transfers, global cards, Apple Pay, and Google Wallet<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transparent pricing with zero <a href=\"https:\/\/razorpay.com\/blog\/forex-markup-fees-how-to-avoid\/\">forex markup<\/a> and lower bank-transfer fees<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payments processed through RBI-compliant channels with automated FIRC generation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Single dashboard for tracking payments, reconciliation, and cash flow management<\/span><\/li>\n<\/ol>\n<div style=\"background: #f5faff; border-radius: 14px; padding: 30px; text-align: center; margin: 42px 0; box-shadow: 0 8px 20px rgba(26,115,232,0.08);\">\n<h2 style=\"color: #1a73e8; font-size: 24px; font-weight: bold; margin-bottom: 12px;\"><strong>Simplify how you receive international payments<\/strong><\/h2>\n<p style=\"color: #444; font-size: 16px; max-width: 720px; margin: 0 auto 18px; line-height: 1.6;\"><strong>Collect from 180+ countries via transfers, cards, Apple Pay, and Google<br \/>\nWallet\u2014zero FX markup, lower fees, and auto FIRC with one dashboard to track it all.<br \/>\n<\/strong><\/p>\n<p><a style=\"display: inline-block; background: #1a73e8; color: #ffffff; padding: 14px 26px; font-size: 16px; font-weight: bold; border-radius: 10px; text-decoration: none;\" href=\"https:\/\/razorpay.com\/accept-international-payments\/bank-transfers\/?utm_source=blog&amp;amp;utm_medium=referral&amp;amp;utm_campaign=internationalpayments%22%3E%3Cem%3E%3Cstrong%3ERazorpay%E2%80%99s&quot;\">Razorpay MoneySaver Export Account<\/a><\/p>\n<\/div>\n<h2><b>Conclusion<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Nostro, Vostro, and Loro accounts remain the building blocks of global finance. They explain how banks hold, move, and settle money across borders, making international trade possible. These accounts continue to sit behind many cross-border transactions and help banks manage liquidity and settlement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">International payments are evolving through technology that reduces delays, costs, and manual work. While the core concepts still matter, the direction is towards faster and more transparent cross-border solutions that reduce operational complexity for businesses.<\/span><\/p>\n<h2><b>FAQs<\/b><\/h2>\n<h3><b>1. What is the fundamental difference between Nostro, Vostro, and Loro accounts?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The difference is based on perspective. Nostro means our money with you, Vostro means your money with us, and Loro refers to their money with them.<\/span><\/p>\n<h3><b>2. How do Nostro and Vostro accounts support international trade and remittances?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">They allow banks to send and receive foreign currency payments without having branches everywhere, enabling smoother trade settlements and cross-border remittances.<\/span><\/p>\n<h3><b>3. Are Nostro, Vostro, and Loro accounts still relevant today?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Yes. Even with digital payments, these accounts remain essential for correspondent banking, reconciliation, compliance, and understanding fund flows.<\/span><\/p>\n<h3><b>4. How do banks reconcile transactions across these accounts?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Banks reconcile by matching Nostro and Vostro entries with statements from correspondent banks, SWIFT messages, and internal ledgers to ensure balances, charges, and settlements align.<\/span><\/p>\n<h3><b>5. What role does technology play in managing these relationships?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Technology improves visibility, speeds up settlements, automates reconciliation, and reduces errors through tools like SWIFT GPI and AI-based systems.<\/span><\/p>\n<h3><b>6. How does Razorpay MoneySaver Export Account simplify this for businesses?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">It provides an RBI-compliant platform to collect international payments with transparent pricing, faster settlements, automated FIRC, and easier reconciliation through one dashboard.<\/span><br \/>\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the fundamental difference between Nostro, Vostro, and Loro accounts?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The difference is based on perspective. 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With India\u2019s exports touching $824.9 billion in FY24-25, banks need reliable systems to move money across currencies and borders smoothly. This is where Nostro, Vostro, and Loro accounts come in. Banks use Nostro accounts to hold foreign currency<\/p>\n","protected":false},"author":103,"featured_media":25876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1067],"tags":[],"class_list":{"0":"post-25386","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cross-border"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=25386"}],"version-history":[{"count":4,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25386\/revisions"}],"predecessor-version":[{"id":26376,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/25386\/revisions\/26376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/25876"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=25386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=25386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=25386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}