DOP Mobile Money Transfer is a service that enables instant money transfer from one place to another place using mobile, through Indian post offices. The consumer just needs to have a mobile while the actual transmission of the money is initiated by the Postal Assistant, using his/her special handset. The process for money transfer is very simple to understand and follow. The remitter (sender) can submit money (Cash In) at any of the covered post office and automatically, the amount is transferred to a central position, which can be collected by recipient customer (Cash Out) from any of the covered Post offices. As soon as the Cash in happens, both the sender and the recipient get a SMS on their mobile phones. The sender gets a Transaction ID and a Six (6) digit secret code in the SMS while the Recipient only gets the Transaction ID. Recipient can claim the money from any of the covered Post Offices by showing the Transaction ID that he receives on his mobile in the SMS and the Secret code, which he gets from the sender. In order to make process smooth and convenient, a notification sms is being sent to remitter as well as to recipient regarding transaction irrespective of their telecom operator.
Â For this initiative, India's pioneer and largest communication service provider (CSP), BSNL will provide mobile connections to DOPâ€™s designated officials and BSNL will bring Global technology for Mobile Money Transfer. Each Post office shall be provided with a mobile handset with pre loaded application by BSNLâ€™s technology partner M/s Maverick Mobile Solutions.
Solution uses encrypted SMS for communication between DOP mobile handset and central server.
Limit for transactions in a predetermined time, value of transaction and number of transactions per assistant, per post office etc, could be imposed as per requirements in order to reduce risk.
Certain data query services viz. Daily Transaction, Get balance, Get Transaction Details have been provided in mobile handset through the pre-loaded mobile application itself, on the Mobile.