DMT API stands for Domestic Money Transfer Application Programming Interface. It’s a programmable interface that allows software to directly integrate money transfer features (like sending money between bank accounts) into apps, platforms, or services.
Years Experience
Businesses use it to embed bank transfer capabilities into apps or websites without building everything from scratch. It typically supports IMPS, NEFT, RTGS, and real-time transaction tracking, with secure authentication and bank connectivity.
The future of DMT and money transfer APIs is shaped by broader trends in payments and financial tech:
APIs will increasingly support instant fund transfers (often 24/7) and be part of real-time rails replacing slower systems.
Learn MoreUsing AI/ML for fraud detection, biometric verification (e.g., fingerprints, face ID), and encryption.
Learn MorePayments will be embedded deeply into non-financial products (e-commerce, healthcare, utility apps).
Learn MoreAPIs will interconnect systems globally (not just domestic), enabling cross-platform transfers and richer financial services.
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