Yo Money has introduced Domestic Money Transfer Business opportunity for all its retailers to assist customers who want to send money to their near ones. This unique model aims at helping the migrants and underbanked population of India. Operating your own money transfer agency will give a boost to your earnings, and will increase the customer walk-ins.
Yo Money has developed this DMT platform to fulfil the money transfer and cash deposit need of migrant labours, daily wage workers, unbanked or under-banked masses of India. Instead of accessing smartphones and internet, this product enables end customers to deposit cash through our technology driven agents. Our agents are available in non-banking hours, holidays and even in festive occasions. Agents transfer money to beneficiary’s bank account through IMPS or NEFT using out DMT platform. We collect some minimum data of customers as per regulations of RBI.
Yo Money’s wallet system is linked with multiple bank’s IMPS switch to operate Domestic Money Transfer smoothly. Our Domestic Money Transfer or DMT is the most robust way to deposit cash within 15 seconds in any bank account across India through sender’s mobile number only.
How does DMT Works?
With Yo Money you have the opportunity to run an online money transfer agency from your outlet and be able to transfer money to any Bank Account across the country. Domestic money remittance is very easy, all you need to do is:
Benefits to DMT agent
Retailer opens a wallet on behalf of sender through an OTP based verification of sender’s mobile number. Bank account or any other details of sender is not required for DMT. No need to visit bank branch or CDMs and wait for hours to deposit money. Cash Deposit can be done through any authorized points of Yo Money in India. This service is available 24X7 and in holidays also
Benefits to customer
Why Yo Money
Any new or existing business partner can do money transfer agent registration with a simple documentation process. You need to submit your PAN Card and Aadhar Card and fill the form. On every transaction, the retailer earns a handsome income!