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
The Week That Was…
We bring to you top 5 developments from the world of politics and business that happened in the Country in the Week Gone by: 1. Within a week, PM Narendra
Radisson Enters into Strategic Tie-Up with EazyDiner
Radisson Hotel Group South Asia today announced its partnership with EazyDiner – India’s leading table reservation and food discovery platform. The partnership is a significant step to strengthen the Group’s
Air India sell-off to begin with airline arm, other three units to follow suit
The process of Air India’s (AI) sell-off is likely to begin with the airline arm first being put on the block. AI is to be split into four parts –
