Online Money Transfer Services are the newest way of increasing humanitarian values in internet and mobile technology. Now a person can easily transfer money online to anywhere in India without any risk involved.
Domestic Money Transfer Service (DMTS) with IMPS technology is one of the most demanding services today in India. Become DMTS agent/retailer to remit money on behalf of your customers. Most of the people are still not connected with the bank. The density of banks in rural or semi urban area is still very low. If a person goes to the bank for depositing/transferring funds to his friend/family/else, he has to spend a long time and need to wait in queue. This is why people prefer to visit DMTS agent/retailer for fund transfer.
Domestic Money Transfer Services- "It’s a Real time Solution using IMPS making instant money transfer, This Service can be availed via online, through Mobile app as well as through a simple SMS. It’s a boon to the unbanked masses of India; it’s connected Through IMPS with 70+ Banks and Through NEFT 170+ banks for money transfer"
The features are Wallet to the bank (any) money transfer (using MMID), Wallet to the bank (any) (using IFSC & bank account number), Wallet to Wallet money transfer, any bank to Wallet. Most of the people as per India’s population are still not connected with the bank, who are not able to avail the money transfer’s due to hectic and complicated Process to get opening of a Bank Account as it Involve KYC (Know Your Customer) Process. By using money transfer API will be able to transfer and receive funds From His Wallet to Any Bank Account, as well as Wallet to Wallet Money transfers.
Money Transfer API make your own remittance portal. It can help you to get started your own Money Remittance portal for domestic money transfer service.