1. Paying company code is a company make payment on behalf of Sending Company Code
2. Sending company code who is actually paid the amount and paying company code, who is responsible to pay amount on behalf of sending company code. (means payment was done for sending company code)
3. Many times Paying company code pays amount for both sending and paying company code.
Difference between Paying Company Code vs Sending Company Code
Paying company code and sending company code