Money transfer or Direct Money Transfer(DMT) API or Application Programming Interfaces is an ERP-based application that works for all the private and government banks that offer IMPS/NEFT mode of payment services. IMPS is the most well-known model to transfer money online anytime, anywhere, even if it’s a bank holiday. Therefore, money Transfer API is an extraordinary method to generate additional income for website proprietors, SMEs, and other businesses. Businesses can manage all of their cash payable and receivables from their ERP in a simple and safe manner using APIs or Application Programming Interfaces. API allows you to use your ERP system to access the bank's transaction processing facilities. Transactions can be triggered as API calls to the bank's system through secured system integration between the Corporate Customer's ERP and the bank; thus, there's no need to create any files or log in to corporate net banking. Why Quickrecharge for Money Transfer or DM
As you know Telecom Regulatory Authority of India (TRAI) has released the Telecom Commercial Communication Customer Preference Regulation (TCCCPR) 2018 to regulate Unsolicited Commercial Communication (UCC) aiming to make the unorganized SMS industry 100% transparent. In order to do so TRAI has initiated to implement DLT (Distributed Ledger Technology). If you are a recharge business owner and struggling to find your way on what to do next then this article is for you. DLT is a blockchain-based technology. The main benefit of DLT is that the government can supervise every entity of the entire system. These entities are Mobile user, Principal entity, SMS marketer, and regulator. Someone who falls into the categories mentioned above must have to register to continue. Companies like QuickRecharge have to register under the Telemarketer category. What is the purpose of DLT? Commercial Communications Ecosystem In the new DLT system the ro