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, etc.
Payrupyra has made Money Transfer products like IMPS, assisted UPI, NEFT, available for mass customers. The newly introduced Domestic Money Transfer to facilitate fund transfer (cash to account) facility to walk-in customers will enable millions 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.
