Best process of transferring money into end user's bank account in India?
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Hi, In India , need is to online transfer money from system's bank account to end user's account(# users will be thousand's in number) . In my knowledge, there is API to receive the money from end user's account to System's account but not vice versa. Need your help in following: 1) if some one know about any such API(which transfer's money from system's bank account to end user's account) please let me know 2) What are the other alternative's in this case to compensate end user's ...like collaborate with other companies (like ebay) and provide them their coupon? I am open to any idea which compensates end user in any mean
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Answer:
You do not mention in what country you are in. In the USA the Wells Fargo Bank has a connection with some Indian Banks to remitt money to India. You can make use of this if you have a Wells Fargo Account. Since HSBC has branches nearly in every country you can also walk into a HSBC branch and ask for their help.
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