Domestic Money Transfer

Domestic Money Transfer

Domestic Money Transfer

  • Direct Money Transfer (DMT) is an unique product that can be used to send money instantly to any Bank’s account holder within India.
  • The cash to account fund transfers will now be made easy with DMT services. Through this product any Indian citizen can walk in with cash-in-hand to any nearest merchant, fill in few details and have the money transferred to loved ones, anywhere in the country.
  • This product design brings seamless remittance experience to the customers backed by technology

Bill Payment:

Bharat Bill Payment System (BBPS) is RBI essential system that provides an integrated interoperable invoice payment service for customers from all regions, with transaction certainty, reliability, and security. It provides customers provides customers for bill payment services with an agent network or online, enables multiple payment modes, and provides instant conformation via BBPS web, BBPS app, SMS or receipt. We are promoting a cashless society by shifting cash bill payments to electronic channels. Currently you can pay bills for utilities (gas, electricity, water, DTH) and telecommunications.
 

Benefits for customers:

  • Customers will enjoy the ease of paying bills anywhere, anytime by simply connecting to the BBPS network, online or through agents.
  • Access to the system will be everywhere, including the zero or minimum banking region.
  • Earn highest commission in market in each BBPS transactions.
  • Payment of any invoice could be made through a single portal.
  • Service centre for the payment of bills will be available at the workplace or residence closest to the

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