Money Transfer

The Money Transfer service of The Muthoot Group is one of the most trusted services in the world. The service has a strong demand not only in India but in countries like the US, UK and UAE also. The Muthoot Group’s Money Transfer service is an online facility that enables customers to collect money from overseas. Fast and easy, our money transfer service all around the world is counted amongst the most reliable ones.

With a network of over 5000+ branches all over India, Muthoot Finance Ltd. provides excellent money transfer services. Irrespective of the service being used by the sender, the recipient can get the money from any of our branches. Below is the list of 7 inward remittances that Muthoot Finance offers:

• Instant Cash in association with Ebix Cash
• Ez Remit in association with Bahrain Finance
• Transfast in association with  Muthoot Forex Ltd
• Moneygram in association with Ebix Cash
• Muthoot Global Pay  in association with Trust Travel Pvt Ltd
• Western Union in association with Muthoot fincorp.
• RIA Money transfer in association with Ebix Cash.

Besides International Money Transfer, Muthoot Finance is also into Domestic Money Transfer from Muthoot Finance branches to the bank accounts of the customers.

Indo-Nepal Remittance

Ph :+91 484-6690557
Email Id: Beena@muthootgroup.com

Muthoot Finance has launched Indo-Nepal Remittance arrangement with IME and Prabhu Money Transfer. Muthoot Finance has 5000+ locations all over India and all the branches are able to send money to Nepal. IME and Prabhu Money have more than 20,000 locations all over Nepal. For more details on Indo- Nepal Remittance, Click Here

Muthoot Vehicles and Asset Finance Ltd. (MVFL) got the license in Yr. 2009 from RBI to operate Payment & Settlement Systems under the PSS Act, 2007. RBI has approved the inclusion of the mobile wallet facility as one of the PPI offered facilities by MVFL effective from 26.03.2014. MVFL entered into an agreement with GI Technologies Ltd., Chennai in January 2014 for developing a product referred to as "Muthoot Money" for operating Domestic Money Transfers (DMT) which went live in July 2014.

The Muthoot Group  has developed our own software, Muthoot Money for Domestic Money Transfer to all Banks all over India. Ours is the first NBFC of its kind to launch its own Money Transfer portal for the transfer of funds within India. The scheme, enabled through the immediate payment service (IMPS) platform, would facilitate cashless transfer for payment to selected entities. Customers can transfer their funds to any Bank account, anywhere in India. This can be done through any of 5000+ Muthoot Finance Branches Pan India.

Business Modal

• Customer Visits Branch
• Branch creates a wallet for customers with his name and mobile number
• OTP is sent to the customer's mobile number for verification
• Branch staff enters the OTP in the b2b portal and wallet gets created, and 4 digit pin number is sent to customer mobile
• Add beneficiary with all the receiver details
• Transfer money to a beneficiary
• Inform status to information support
• Amount gets credited to the beneficiary account