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Payrite’s domestic money transfer service lets your customers send money from your shop to any bank account in India within seconds. Migrant workers, small traders and families use DMT every day to send cash home, and a retailer who offers it becomes the trusted remittance point of the locality.

Our platform runs 24 hours a day, 365 days a year, with a proven 99.9% success rate. Transfers are processed through IMPS and NEFT to both nationalised and private banks. Customers can also use the service to deposit cash into their own accounts. Everything is handled from the Payrite web portal or Android app with real-time status updates.

Domestic Money Transfer Service – DMT for Retailers icon

How the domestic money transfer service works

The sender is registered once with a mobile number and OTP verification. You add the beneficiary’s name, account number and IFSC, and the account can be verified before the first transfer so that money never goes to a wrong account. Enter the amount, collect the cash, and confirm the transaction. The funds move through IMPS instantly, or through NEFT where IMPS is not available, and the customer receives a confirmation SMS. If a transfer fails for any reason the amount is automatically refunded to your wallet. Every transaction, refund and commission is visible in your reports.

Who should offer DMT?

Money transfer suits any shop in an area with migrant workers, daily wage earners, students or small businesses that need to move cash quickly: kirana stores, mobile recharge shops, travel agents, CSC centres and cyber cafés. It pairs naturally with AEPS cash withdrawal, so your counter can handle both cash-in and cash-out. Distributors can onboard many retailers, allocate wallet funds to them and monitor their volumes from a single dashboard.

Why choose Payrite for money transfer

Payrite uses multiple banking routes, so transfers keep flowing even when one bank is under maintenance. Beneficiary verification, instant refunds and clear reports protect both you and your customer. Wallet top-up is simple and support is available on phone and WhatsApp. If you plan to build your own remittance brand with your own agent network, DMT is included in our white label fintech software together with AEPS, CMS, BBPS and recharge.

Key benefits

  • Instant IMPS transfers to any bank account in India
  • Available 24x7, including bank holidays
  • 99.9% transaction success rate on a proven platform
  • Beneficiary account verification before transfer
  • Automatic refund to wallet on failed transfers
  • Multiple bank routes for uninterrupted service
  • Real-time reports and SMS confirmation for customers

Want this under your own brand?

Payrite White Label gives you DMT, AEPS, CMS, BBPS and Recharge with your logo, domain and commission slabs.

White Label Inquiry

How to get started

1

Register as a Payrite retailer

Apply through the portal or call our team, and complete KYC with Aadhaar, PAN and bank details.

2

Load your wallet

Add funds to your Payrite wallet online or through your distributor.

3

Register the sender and beneficiary

Verify the sender by OTP and add the beneficiary account with IFSC.

4

Transfer and earn

Collect cash, confirm the transfer and see your commission credited instantly.

Commission and earnings

Every successful money transfer earns you a commission that is credited to your wallet along with the transaction. Because remittance customers return every week or month, DMT builds a steady, repeat income for your shop. Commission slabs vary with the transfer amount and your role as retailer or distributor, and the full slab structure is shared with you during onboarding.

Frequently asked questions

What is a domestic money transfer service?

A domestic money transfer service, or DMT, lets a customer send money from a retail counter to any bank account within India. The retailer collects cash and the amount is transferred through IMPS or NEFT to the beneficiary account.

How quickly does the money reach the beneficiary?

IMPS transfers are credited to the beneficiary account within seconds and work 24x7, including holidays. NEFT is used as a fallback where IMPS is not available and settles in the bank’s next batch.

What happens if a transfer fails?

If a transfer fails, the amount is automatically refunded to your Payrite wallet, and the failure reason is shown in your transaction report so you can retry or refund the customer.

Do customers need a bank account to send money?

No. The sender only needs a mobile number for OTP verification. Only the beneficiary needs a bank account. This makes DMT ideal for customers who do not have or do not use a bank account themselves.

Can I verify the beneficiary account before sending?

Yes. Payrite offers account verification that confirms the account holder’s name before the first transfer, so you and your customer can be sure the money is going to the right person.

Ready to offer Domestic Money Transfer Service – DMT for Retailers at your counter?

Call +91-9879649153, message us on WhatsApp, or register on the Payrite portal today.

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