Request for Money is a unique transaction that works as Pull IBFT. Where you can request the required funds from your Nova/Non Nova account holders.
Non-Nova customers will receive a SMS notification informing about the pending transaction along with a link to the application to download and create an account, move funds from Debit Card / 1-Link and approve / change / reject request for money.
Request for money transaction is free of charge for both sending and receiving customer.
As a receiver of the request, you have following actions that you may perform:
Approve – Will approve the transaction as per the request receive
Change Amount – Will let you change the amount (increase or decrease)
Reject – Will discard the transaction.
Snooze – Will delay the request for the time of your choosing.
The transaction limits of Basic & Advance account types will be followed.