Show HN: Cashgram – Send a link to users to collect account details and pay

Hi, I am Nafey, an engineer at Cashfree (YC S17), and part of the team that built Cashgram.

Cashgram is a weblink businesses can send users to collect account details securely and make a payment. Send a Cashgram link to user. User enters bank account number or PayTM details and receives money instantly.

We discovered the need for Cashgram when hiring for support we realised that half their time was spent processing refunds for cash on delivery orders. Unlike collecting money from users, sending money to users for refunds, rewards, reimbursements requires coordination between multiple teams. This ends up being a slow, error prone process. Businesses have to ask for a customer's bank account details, card number over email, chat or phone which also makes many customers uncomfortable.

Cashgram is being used by businesses to process refunds, distribute rewards in gaming, payout marketing affiliates, reimburse expenses and as a substitute for gift cards.

Features -

a) On-the-fly validation of customer provided details. Throws error in real-time if they provide incorrect bank account number or UPI VPA.

b) Cashgrams are secured via OTP authentication.

c) Instant transfers.

d) Supports 4 popular modes to withdraw: Bank account number, UPI ID, PayTM and Debit cards (issued in India).

e) Auto-expiry of Cashgram, if not redeemed by the prescribed time frame.

f) API support available.

Would love to answer your questions about Cashgram or anything on payments and bank transfers.