Pay1’s new offering: Pay1 REMIT




As a retailer, one has to work hard to not just retain customers but also to ensure increased footfalls that can lead to enhanced business earnings and revenue. With competition increasing and the presence of malls, retailers also need to look around for innovative ways in which they can connect with their customers.


One of the easiest and convenient technology laden products is direct money transfer (DMT). The speed and convenience by which any retailer can embrace this service makes it a very attractive offering.


Customers (senders), who may or may not have a bank account of their own can walk-in to any nearby retail store that offers DMT services and transfer money instantly to the receiver (beneficiary) account.


Understanding the need of its partners, Pay1 has launched the pilot of Pay1 REMIT – its instant money transfer app. Any retailer who is registered with Pay 1 is eligible to use the Pay1 Remit app.


In just a period of 5-6 days a retailer can start the Pay1 REMIT service. The steps involved are:


Step 1: Filling of registration form along with mandatory KYC documents

Step 2: Generation of ID post successful backend verification from Pay1 and its partner bank

Step 3: Start direct money transfer


Do remember that retailer KYC verification is mandatory. Documents required for retailer verification include Aadhar Card, PAN Card, and Shop Establishment Certificate. If a retailer is already registered with Pay1 and his/her verification is complete, then there is no need to upload the documents again.


Pay1 REMIT is unique since its application is not only lightweight; retailers also have the facility to save the in-process transactions. Direct money transfer process is not just simple and easy, it is secure too! Pay1 REMIT also comes with a PIN facility that makes it secure to carry out all transactions.


Benefit of Pay1 REMIT to retailers:

  • Transfer in simple steps
  • Secure and safe money transfer
  • Driven by latest technology
  • Save In-processtransaction
  • Lightweight application
  • Easy and convenient to use


So, what are you waiting for? Register for Pay1 REMIT (Know how) and embark on the journey to new earnings!


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