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Mobile money transfer service

Mobile money transfer service. Brief walkthrough. Overview. Offered by India Post in collaboration with BSNL BSNL provides special handset to each identified PO Technology partner for BSNL is Maverick Mobile solutions Mobile based money transfer through secure channel

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Mobile money transfer service

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  1. Mobile money transfer service Brief walkthrough

  2. Overview • Offered by India Post in collaboration with BSNL • BSNL provides special handset to each identified PO • Technology partner for BSNL is Maverick Mobile solutions • Mobile based money transfer through secure channel • Individual remittances – min 1000 maximum 10000 • Acceptance and payment through identified Post Offices

  3. Process flow in brief • Remitter and payee to have a mobile handset • Remitter to approach PO, fill cash in form • The PA receives cash and commission and enters data in the special handset provided • On completion remitter and payee get transaction ID message • Remitter gets 6 digit secret code which has to be communicated to payee • Payee can take payment in any MMTS enabled PO showing transaction id message and intimating the secret code • He needs to fill in cash out form

  4. Graphics of process flow

  5. Commission structure

  6. Additional features • Recall of the remittance amount by sender • Remitter of the amount which is not paid yet can recall the remittance at the booking office • No fee is payable for this • Only remittance amount is refunded • Fee paid will not be refunded • No separate form needs to be filled by remitter

  7. Additional features cont’d • Automatic cash reversal • If the remittance is not claimed within the predefined period (14 days), the transactions will be reversed • The remittance will be sent back by system to remitting office and same can be paid back to remitter • System sends SMS to remitter with a transaction ID for collecting back the remittance • The original transaction so reversed can be paid to remitter only • If the remitter does not claim the amount within specified period (7 days after reversal), the amount will be transferred to DOP suspense account

  8. Additional features cont’d • Resend notification • Based on remitter’s request • If remitter complains non receipt of notification to him/her and/or payee, on successful cash-in transaction, remitting PO can send notification again • This is based on the same transaction ID and will be a reminder to remitter and recipient

  9. Data query services (for office use) • The following query options are available • Daily transaction report showing the successful cash-in and cash-out transactions • Get balance; The PO can request the balance on hand • Get transactions details – PO can get the details of a transaction by entering the concerned transaction ID

  10. Accounting process • Amount collected entered in Point of sale • Payment data entered in treasury module • Appropriate heads of account have to be created for the purpose • MIS is available to all the levels through logins in the site http://www.dopmobile.in • The operating procedure is available in the file MMT Procedure already circulated

  11. Thanks

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