Remittance
Peninlog offers simple, reliable and secure way to transfer money electronically. Both online and offline modes supported by the system, currently product will support major Global networks like VISA, MASTER, RTGS and SWIFT. Fund transfer will be done by the Issuer Bank either to the beneficiary card or account. Both low & high value payments separated and choose the relevant network and send it accordingly.
- Supports KYC Norms.
- Domestic & International transfers supported.
- Anti Money Laundering to prevent / report money laundering activities.
- Web based tool which will be accessible by any branch or agency user.
- Simplified process to transfer funds through wired network.
- Direct Debit to customer account.
- Facilitates transferring funds by Non-Account holders.