Why India Still Needs Money Transfer Service
India is a very big country. There are several parameters available that can justify this statement. Some of the most powerful parameters are population & area. India is spread in 3.287 million km² with the total population of 1.252 billion. Now let us try to relate the area & population with the banking services of India. When the bank branches are scaled on the perimeter of the population, then we can easily realize that there is the paucity of banking facilities in India. Though most of the urban area is covered by the bank branches, but when we compare it with the population then we can easily realize that population is more as compared to the branches and bank staff. Let me give you an overview of the rural areas. The situation in rural areas is not very good. There is a dearth of banking facility. Some of the remote areas in India don’t even have the branches. So, if we take these things on the ground level, then there is definitely the paucity of banking facility in India. The long queues and crowd at the banks’ counters have become a daily scene. Transferring & withdrawal of money has become a very time-consuming process. Is there any alternative available?
The best available alternative for this is Money Transfer Service. What is this service all about? The Instant Money Transfer Service is all about transferring funds into the accounts of others. With the help of this service, you can easily transfer funds into the accounts of the others. If you don’t have bank account, then also you can send money with the help of this service. This service is quite similar to fund transfer through bank service. The mode of money transfer in this is IMPS. This is Immediate Payment Service in which the beneficiary gets the amount instantly.
How it works?
The functioning of this service is very simple. All you need is to go to the authorized money transfer outlet where you can give cash along with the beneficiary account number to the vendor. Then, the vendor will transfer money into the account of beneficiary through his/ her software. Within few seconds, the money will get credited into the account of the beneficiary.
Who can start this service?
Instant Money Transfer Service is an excellent business opportunity for small & medium scale enterprises. This is a perfect business for small store owners, stationery shop owners, grocery shop owners, small business man, young entrepreneurs, etc. The reason for saying it a perfect business opportunity is that the cost involved in starting this business is very small. Furthermore, those people who already have existing business can use these services in order to extend their business. There is definitely no need to upgrade the existing infrastructure as these services involve only computer and internet connection.
Profitability
As a businessman, you always think of accelerating your business in order to maximize the profitability. With money transfer service, you will get revenue in the form of commission over every transaction. Moreover, you get the chance to grow your customer base. The inclusion of money transfer to your service will help you taking your business to the next level.
Where to get this service?
There are several organizations which are rendering their services to the customers. Among all, I would like to recommend Go Processing. There are reasons to recommend this organization. The most important reason is the services of the Go Processing Ltd. The company provides best in class services to its clients. For this, the company has established, Go Processing Complaints Division. This division looks into the matters of the clients. If they face any issues related to the service, then Go Processing Complaints Department investigates this, thus providing the solution. Go Processing Complaints Division provides round the clock support to the customers to ensure optimum level of service to them.
From the above discussed text we can infer that Money Transfer Service is still needed in India. People having small business ventures should offer these services to their customers to give a boost to their business. for more https://goo.gl/VIhMcD