Which columns in UI about payee location refer to in Manage Payment Method Defaulting?

Which columns in UI about payee location refer to in Manage Payment Method Defaulting?

Is it refer to the country below?

(In the user ac, expense => manage bank)

I need to set different employee payee locations domestic and foreign.

1. We have an old manage payment method defaulting rule with Electronic.
2. If we create a new manage payment method defaulting rule with Wire.

1/2 both set Payment Process Transaction Types = Employee Expense. The difference between 1,2 is Payee Location to domestic (1) and foreign(2).

I need to confirm how the Payee Location to determine which country the employee is in.

Version (include the version you are using, if applicable):