A large number of people in India, particularly the migrant population, doesn’t have access to formal banking channels for want of proof of identity/address etc. This lead to innumerable hardships faced by them while attempting to remit money back to their family members. This is happening even when various channels for Domestic Money Transfers (DMT) are available viz. IMPS, UPI, NEFT, RTGS etc.
PayPut India Pvt.Ltd Budaun UP. Has already made Money Transfer products like IMPS, assisted UPI, NEFT, RTGS available for PayPut India customers and interoperable AePS for non-customers. The newly introduced Domestic Money Transfer to facilitate fund transfer (cash to account) facility to walk-in customers will enable 10k of unbanked migrant population to meet their family’s financial need by remitting fund to their loved ones on regular basis or during any such special need.
This product design brings seamless remittance experience to the customers backed by technology interface through PayPut Access Points Counters and simultaneously ensures hassle-free & affordable fund transfer service for the migrant population. This cash to Bank A/c remittance service is offered across more than 3800 k + Access Points (PayPut India ) across India.