Domestic Money Transfer (DMT)

Introduction

iServeU is one of the top Business Correspondent in India to start Domestic Money Transfer (DMT). iServeU has developed this DMT platform to fulfil the money transfer and cash deposit need of migrant labours, daily wage workers, unbanked or under-banked masses of India. Instead of accessing smartphones and internet, this product enables end customers to deposit cash through our technology driven agents. Our agents are available in non-banking hours, holidays and even in festive occasions. Agents transfer money to beneficiary’s bank account through IMPS or NEFT using out DMT platform. We collect some minimum data of customers as per regulations of RBI.

iServeU’s wallet system is linked with multiple bank’s IMPS switch to operate Domestic Money Transfer smoothly. Our Domestic Money Transfer or DMT is the most robust way to deposit cash within 15 seconds in any bank account across India through sender’s mobile number only.

Benifits

Retailer opens a wallet on behalf of sender through an OTP based verification of sender’s mobile number. Bank account or any other details of sender is not required for DMT. No need to visit bank branch or CDMs and wait for hours to deposit money. Cash Deposit can be done through any authorized points of iServeU in India. This service is available 24X7 and in holidays also.

Key Highlights:

  • Single Page Remittance App
  • Transfer Money in 3 Clicks
  • 450+ Banks available in Platform
  • Beneficiary Verification
  • Smart Beneficiary Addition
  • Automatic Refund
  • Bulk Transfer
  • Secure & Risk Mitigation

FAQs

Q. How much money can be sent using DMT platform?
A. Maximum 25,000/- per month per mobile number of customer
Q. Is it necessary to have any valid mobile number of customer?
A. Yes. Mobile Number will be validated through OTP Verification.
Q. How customer will get confirmation for any success deposit transaction?
A. Customer will get SMS on the spot. Agent will give a Money Receipt.
Domestic Money Transfer
Domestic Money Transfer