Skip to main content

Domestic Money Transfer: Connecting India Digitally Along all the Geographies

 

The money transfer business domestically has seen a spike since the month of March, post the lockdown was imposed nationwide. According to an RBI report the Real Time Gross Settlement transactions witnessed a rise of 34% during the COVID-19 situation. The situation enabled the nation to be more aware of the digital and the internet. During these times, Domestic Money Transfers and withdrawal also gained popularity as banks in most parts of the country were shut, and Kirana stores, retailers and small local shops were the only medium for people to transact their money to their family and friends.

The domestic remittance levels over the past few months have steadily gained momentum and looks as the most promising aspects for the money transfer businesses. Enabling immigrants to send and receive money, the money transfer business, centers and cash transfer shops help empower the unbanked and underbanked population of the country. As one of the major advantages of the DMT service is that it just requires its end customer to register his/ her Aadhar and require just his biometric information to make the transactions, the money transfer services, thus, empower the rural and uneducated population of the nation.



BANKIT, India’s one of the most leading Fintech Company, provides these money transfer services to the customers through local retailers, kirana store owners etc. also availing these small businesses to increase their incomes. The AEPS and money transfer services from BANKIT bring the transaction points closer to the customer for hassle-free and convenient transactions.

BANKIT attempts to empower small shops and retailers by furnishing them with products and services to help them offer different services to their consumers like recharges, PAN Card assistance, AEPS, domestic money transfer, bill payments and much more through a single platform.

Comments

  1. Cyrus Recharge Solutions27 July 2021 at 01:43

    Great site and a great topic as well I really get amazed to read this. It’s really good. I like viewing web sites which comprehend the price of delivering the excellent useful resource free of charge.

    aeps software
    aeps software provider
    aeps software developer
    aeps b2b software
    aeps white label software
    best aeps software
    aeps software for pc
    aeps software price
    Aadhaar Enabled Payment System
    aeps api provider
    aeps service provider company
    aeps api
    best aeps service provider in india
    aeps api provider company
    best aeps service provider
    aeps portal
    aeps service provider
    aeps service
    easy aeps
    best aeps portal
    icici bank aeps api provider

    ReplyDelete
  2. mobile-recharge-api30 July 2021 at 03:10

    Nice really appreciate to have some useful information for my dissertation I am currently busy with my dissertation writing services in

    bulk sms solution
    bulk email solution
    payment gateway solutions
    ivr solution
    erp solution
    crm software solution
    internet marketing
    social media marketing
    sms longcode
    money transfer software
    domestic money transfer system
    travel booking portal
    flight booking portal
    bus booking portal
    cab booking portal
    hotel booking portal



    ReplyDelete
  3. Cyrus Recharge Solutions4 August 2021 at 02:52

    Good post. It is really help to us. It’s give us lots of interest and pleasure. Its opportunity is so fantastic and working style so speedy. It’s really a good article. It gives me lots of pleasure and interest. Thanks for sharing this information. I really like your blog post very much.bankit app

    ReplyDelete

Post a Comment

Popular posts from this blog

BANKIT – Domestic Money Transfer & Remittance

Let’s admit that we all want to earn a great deal of money. But for shopkeepers, it has never been easy. However, now, we are here to change things for you. If you, dear shopkeepers, make your shop a  BANKIT  outlet, you can start with your business of transferring money. People will come to your outlet and ask you to transfer money to their friends and family. Once you do that, you’ll get an attractive commission from us and in this way, you can earn some extra income. Isn’t this cool? In a nutshell, you’ll get your share of money for every transaction that you make. Source:   https://bankitin.wordpress.com/2019/04/18/bankit-domestic-money-transfer-remittance/
3 comments
Read more

BANKIT for DMT & AEPS

We have over and over expounded on our dealers and how they are the influencer in their territory, motivating the majority and empowering them through different computerized benefits and advancing the advantages of the equivalent. In our web journals, we have just referenced about our items like BANKIT and how it has been furnishing the domestic money transfer retailers with cardinal administrations and acquire generous profit by them.   Out of the apparent multitude of administrations referenced in our past web journals, BANKIT Merchant's DMT & AEPS and revive services have been probably the most seasoned help. A couple of years back when the computerized exchanges were agitated and open to conversation, it was the Money move benefits that helped individuals move cash to any edge of the nation. To place into basic words, Domestic Money Transfer is an assistance offered by different organizations/offices to move cash starting with one record then onto the next record ins...
5 comments
Read more

Domestic Money Remittance

Domestic Money Remittance is a service which allows people living in one part of India to transfer money to a bank account anywhere in the country. The money is transferred using the Immediate Payments System (IMPS) or Unified Payments Interface (UPI). The money is transferred immediately to the Beneficiary’s Bank Account. India has a population of 135 crore people living in different parts of the country. There are five metropolitan cities, hundreds of smaller cities and towns and thousands of villages. Many people from villages and towns migrate to larger cities and metros in search of jobs.They include labourers, technicians, helps, graduates and people with higher qualifications. Many of these people do not have a bank account or a smartphone, or they are unable to transfer money to their families instantaneously because of limited education.Furthermore, their family members may not have a bank account or access to an ATM.Payment systems such as the IMPS and UPI provide a seaml...
Post a Comment
Read more