Open banking is a system that provides a user with a network of financial institutions' data through the use of application programming interfaces (APIs). The Open Banking Standard defines how financial data should be created, shared and accessed.
Money Transfer API. Automate your payments to any bank account in India. Our Money Transfer API supports both the IMPS & NEFT transfer modes. Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through our Money Transfer API.
An API (Application of Programming Interface) is a type of technical communication between servers, and a payment API refers to technical calls that enable the processing of a transaction.
Domestic Money Transfer
The Domestic Funds Transfer System is a system for conducting settlements between financial institutions, mainly in cases where individuals and firms request financial institutions to make funds transfers.
By virtue of the PPI license issued to our organization, we offer the direct money transfer service within India for all our customers with or without a bank account . It's as simple and secure as the customer handing over the money to the beneficiary face-to-face. We transfer the money to the beneficiary using intra-bank (Home bank), inter-bank (NEFT/RTGS) and IMPS (instant) methods. Going with the government regulations, we collect the minimum required data from the customer making sure that the urgency and apprehensions of the customer don't go unaddressed during the processes.