NON-BANKING SERVICES

Objective of DMT

The primary objective of Domestic Money Transfer is easing the transfer and deposit of money in different accounts. A domestic money transfer API typically uses the modern-day digitized technique of NEFT () and IMPS (). The IMPS transaction is one of the most viable methods which enables instant credit transfers to the account. You can enable this service for your local customers with domestic money transfer white label services.

The reason for starting with a Domestic Money Transfer service as a distributor or DMT agency is to meet the financial needs for mundane life. The DMT model is designed in a manner wherein it is possible to offer a ground service either through a Business correspondent or as a domestic money transfer agent to the end customers.

Herein, instead of meeting the individual in person, one can get the same transferred to the beneficiary account through DMT platforms instantaneously and hassle-free. We help set up the domestic money transfer system at your commercial workplace.

Miscellaneous information:

• 1. The domestic money transfer portal lets customers Transfer Money to almost any bank nationalized, Private or Rural within few clicks.

• 2. Aid in transferring money directly to the beneficiary account through the process of NEFT and IMPS.

• 3. Transfer money online through the medium of desktop, and mobile applications.

• 4. Easy and secure transfer of money using the domestic money transfer API.

• 5. No customer information is used or divulged with third-party with the domestic money transfer business. All the data is completely secured with the domestic money transfer white label solution.

• 6. 24 X 7 transfer of money. No time constraints.

• 7. Money can be transferred during Bank holidays too.

• 8. Instant credit to the account no matter where the individual resides.

• 9. Domestic money transfer business is helpful in paying remittance of migrant workers in India.

• 10. All one requires is the beneficiary's account number and ISFC code of the bank wherein the money needs to be deposited.

• 11. Easy and efficient digital banking and cashless payment services to make banking easier.

BBPS

With the advent of digital mediums, it is easy to make bill payments hassle-free. Whether its daily recharge for your Mobile/ DTH or paying different utility bills it is all possible in a single click through the BPPS technique also known as the Bharat Bill Payment System.

What is BPPS?

Bharat Bill Payment system abbreviated as BPPS is a comprehensive bill payment system that offers to citizens the benefit of interoperable bill payment service. The mechanism is carried out through the NPCI technique for clearing activities related to the transactions. Through this one can make the payment using cheques, electronic mediums, and cash.

One need not visit the service provider or agents so as to make the payment. This technique aids in making easy bill payments by enabling multiple payment modes thereby getting an instant confirmation for the payment.

What are the key benefits of this feature?

BPPS method of making bill payment have the following benefits which are as follows:

• 1. You can make payment to multiple utility service providers.

• 2. No need to feed the bill amount, it will be fetched automatically.

• 3. Can pay bills anywhere, anytime without trouble.

• 4. Its secure and safe method.

• 5. All information of the customer is kept confidential without divulging any to third party users.

• 6. It's easy and hassle-free wherein one can make bill payments using smartphones.

• 7. What are the different bill payments one can make using the BPPS mode?

  • 1. Electricity bill

  • 2. Gas/ LPG bills

  • 3. Insurance premiums

  • 4. Broadband and landline bills

Paying bills was never so easy. The advent of technology and digital mediums have made it easy to make and receive payments anywhere, anytime.