Money Transfer
Send money for your customers, quickly and securely.
What it is
Domestic Money Transfer (DMT) lets walk-in customers send cash to any bank account across India from your outlet. You collect the cash and the amount is transferred to the beneficiary's account.
Who it's for
Retailers serving migrant workers, families, and customers who need to send money home but don't use net-banking or UPI themselves.
Your role as a partner
You register the sender, add the beneficiary, and complete the transfer on the platform. Transfer limits and settlement follow the sponsor bank and payment-network rules.
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1
Customer gives the sender and beneficiary details
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2
You collect the cash and enter the transfer on the platform
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3
The amount is sent to the beneficiary's bank account
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4
The customer receives a confirmation reference
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5
You earn commission on the transfer
Ready to offer Money Transfer to your customers?
Register FreeRequirements
- An active partner account with completed KYC
- Sufficient wallet balance to fund transfers
- Correct sender and beneficiary details
Benefits
- Serve customers who need to send money home instantly
- Real-time transfers with a confirmation reference
- Steady, repeat footfall from regular senders
Good to know
- Monthly and per-transaction limits are set by RBI and the sponsor bank
- Beneficiary bank downtime can delay a transfer
- Sender KYC may be required beyond set limits
Frequently asked questions
How fast does the money reach the beneficiary?
Most transfers are credited in real time, but timing can depend on the beneficiary bank and network.
Is there a limit on how much a customer can send?
Yes. Monthly and per-transaction limits apply as per RBI and sponsor-bank rules.
Offer Money Transfer to your customers
Join the Stepway Online partner network — free to start.