The largest benefit is that the bill could be paid anytime and anywhere. There could be retail factors for bill payments across the country who would have the ability to accept all kinds of invoices payments made through credit cards, debit cards, mobile wallets, net banking (IMPS, NEFT). The BBPS outlets would include banks, ATMs, business correspondents, kiosks, etc. and payments would be made securely through the NPCI system with instant receipts becoming generated.
Cyrus Recharge is one of India's biggest money remittance and IMPS processors. You can now easily leverage Cyrus's powerful partnerships and robust technology backend. Provide your network, retailers, and customers the capability to instantly transfer money to any bank accounts nationwide. Domestic Money Transfer API is a great way to generate extra revenue for site owners, SMEs and some other organizations. Intelligent payment routing for minimal cost and maximum profit.
Our platform supports NEFT & IMPS transfer modes and the transfer mode is automatically switched by the machine. The platform is powered by National Transaction Corporation of India (NPCI) who hastens the IMPS transactions in India on a real-time basis 24 x 7 x 365 NEFT: National Electronic Fund Transfer under RBI which settles NEFT trades in India as batch shrewd and operates only on working day and hours of RBI