Cardholders of a foreign bank can easily transfer money to the cards of any resident bank. On the other hand, cardholders of any resident bank can transfer funds to foreign Visa and Mastercard cards.
The money arrives to the account instantly. Money Send service is available for launch on the bank website that makes sending and receiving money faster, easier, and more secure.
- Speed: the sender inputs debit card number and the recipient receives money to the bank account in real time.
- Security: best-in-class security tools and capabilities for managing regulatory, financial and fraud risk, including sanctions check.
- Control: multilevel transaction controls, such as transaction limits and BIN’s management, the ability to set your own margins and the ability to white label to promote banks brands.
Only 4 easy steps to use the service:
1.enter the recipient's details;
2.enter the details of the sender;
3.confirm by 3D Secure OTP;
It’s a very useful service during the pandemic that is getting more and more popular.
Available for launching to all RBI Banks.