Secure IMPS & NEFT transfers up to ₹25,000 per transaction
Overview
Turning Manual Transfers into a Digital-First DMT Platform
Rio Money partnered with Vigous to build a Domestic Money Transfer (DMT) web and mobile application that could handle high-volume transactions securely while simplifying retailer operations. The result was a scalable, role-based fintech solution with wallet management, IMPS/NEFT transfers, and automated notifications — all designed for real-world usage.
Key Highlights
Role-based access for admin and retailers
Automated wallet approvals, withdrawals, and notifications
Full transparency with daily transaction reports and exports
About the Client
Rio Money is a fintech service provider based in Tamil Nadu, focused on enabling fast and convenient domestic money transfers for customers who prefer cash-based transactions. Their business model depends on trusted retailers who act as intermediaries, collecting cash and transferring funds directly to customer bank accounts — even after banking hours or on holidays.
Challenges
Rio Money faced several operational and technical challenges before the platform was built:
Manual and time-consuming money transfer processes
Limited visibility into retailer wallet balances and transactions
No centralized system for approvals, commissions, or complaints
High dependency on manual follow-ups for withdrawals and support
Risk of errors without OTP-based verification and notifications
Difficulty scaling operations across multiple retailers
Approach
Vigous adopted a fintech-first, security-driven approach tailored to Rio Money's business workflow:
Mapped real-world cash-to-bank transfer workflows
Designed a role-based architecture for admin and retailers
Built a secure wallet system with approval and audit controls
Integrated IMPS and NEFT for reliable fund transfers
Implemented OTP, SMS, and email notifications at every critical step
Focused on simplicity, speed, and compliance-ready reporting
Solution
What We Delivered:
DMT Web & Mobile Application
Admin panel for retailer management and wallet fund approvals
Retailer wallet system with fund add, transfer, and withdrawal requests
Customer bank account management
IMPS / NEFT integration with ₹25,000 transaction limit
Daily transaction book and history reports
Commission and service charge slab management
Role-based access control for admins
Care & complaint ticketing system
OTP verification via SMS & email
Automated SMS notifications for all key actions
Data export in Excel, PDF, and CSV formats
Results
Outcome Highlights:
Faster customer money transfers, even after banking hours
Reduced operational errors with OTP and system validations
Improved retailer trust through transparency and notifications
Better admin control over funds, commissions, and compliance
Measurable Business Impact
Before Implementation
After Implementation
- Manual cash handling and transfersFully digital wallet-based transfers
- No real-time transaction visibilityLive transaction tracking & reports
- Delayed withdrawalsAutomated, admin-approved bank transfers
- High operational dependencyStreamlined, self-service retailer workflows
- Limited scalabilityPlatform ready for multi-retailer expansion
Client testimonial
Why This Solution Worked
Built around real-world retailer and customer workflows
Strong focus on security, verification, and auditability
Role-based design ensured clarity and control
Automated notifications reduced manual follow-ups
Scalable architecture ready for future fintech services
Lessons & Insights
Fintech solutions must mirror ground-level business realities
Wallet transparency builds trust among retailers
Automated notifications significantly reduce support load
Role-based permissions are critical for financial platforms
Export-ready reports simplify audits and compliance
Conclusion
This Domestic Money Transfer application stands as a strong example of how the right digital solution can modernize traditional financial workflows. By combining secure transactions, smart automation, and user-focused design, Vigous delivered a future-ready DMT platform that empowers Rio Money to scale with confidence.
Trusted by
Our Valuable Clients
