Via.com forays into domestic money transfers
In an attempt to offer a larger number of services to its agents and make them more profitable, Via.com has partnered with Prepaid Payment Instruments (PPIs) licence holders to launch its Domestic Money Transfer (DMT) facility in India. VIA is offering these services through its vast network of partners/agents, who accept cash from customers and get it transferred directly to the bank accounts of beneficiaries using DMT services on VIA agent portal.
According to Sanjay Gupta, Business Head – India & Middle East, Via.com, the aim of the recently launched service is to facilitate more income generating features for the agents. “Users will now be able to make payments to any bank account of family and friends, shopkeepers by just visiting a VIA agent in the area and depositing the money with them”. The facility is 24X7 and the beneficiary will receive the money in real time in his bank account, he adds.
As per the present Domestic Money Transfer guidelines of the Reserve Bank of India a person can transfer up to Rs 25,000 per month (by submitting their full KYC) in India. Currently VIA has 17,000 unique agents utilising the DMT services and does over 800,000 transactions a month in India.
You might also like
COVID-19: Now & Next
Pradeep Chamaria We have completed two weeks of the lockdown, although at a snail’s pace. This lockdown, a very important and timely action after an experimental lockdown on March 22,
Thomas Cook India continues expansion drive
South India currently the company’s largest and fastest growing source market Strong 32% increase in the company’s Leisure Business from South India Expands organically- opens 8 new outlets in the region
Government on ‘wait and watch’ mode in Air India stake sale: Nitin Gadkari
The government has decided to “wait and watch” for the next three-four months before taking a call on disinvestment of national carrier Air India due to prevalent market condition specially
