DMT API

The Direct Money Transfer (DMT) API allows secure and seamless transfer of money between accounts, utilizing the Aadhaar Enabled Payment System (AEPS) as well as other financial solutions. It provides numerous benefits to enhance the financial ecosystem:

• Provides a secure way to transfer money using biometric authentication and Aadhaar-based validation, reducing fraud risks.
• Works efficiently for peer-to-peer (P2P) transactions and business transactions in urban and rural areas, improving financial inclusion.
• Simplifies remittances, bill payments, and fund transfers without requiring physical debit/credit cards or passwords.
• Incorporates advanced encryption technology, ensuring that transactions are secure and privacy is upheld.
• Compatible with various devices and banking channels, including ATMs, mobile applications, and point-of-sale (POS) systems.
• Reduces transaction fees, enabling cost-effective payments for individuals, businesses, and government welfare programs.
• Enables seamless integration into existing banking infrastructures and apps, boosting the speed and efficiency of money transfer services.
• Provides access to comprehensive transaction records for both businesses and users, helping to track payments, manage records, and ensure transparency.
• Facilitates quick and efficient direct cash transfers to recipients, including bank accounts, mobile wallets, and agent networks.