Technology Blogging, Since 2006 . . .

Now money transfer using WhatsApp, Facebook and many more options

Axis bank, the third largest private sector bank in India is the now going social and making it easy for users to transfer money to their loved ones on the go.

It recently launched a mobile application called “Ping Pay” a mobile payment solution enabled application, through which a user can make instant money transfer to their friends over social platforms such as Whatsapp, Facebook, Twitter, Email list and phone contact list.

The Ping Pay app will allow a person-to-person transfer of funds of up to Rs 50,000 (maximum limit) using National Payment Corporation of India’s (NPCI) Immediate Payment Service (IMPS).

In order to send money via the app, one has to select a contact and mention the amount to be transferred.

The receiver will get a link, after which they will have to download the Ping Pay app and enter the bank account details. Subsequently, the money will be credited to that account.

It must be noted that the receiver need not be an Axis Bank customer. Also, the app lets you ask for the money along with receiving it

To avail Ping Pay service, user have to first register with register mobile number and for sending money can associate their Axis Bank internet banking credentials or ATM/ Debit Card to send money.

Ones the sender sent an amount to their friend by selecting through social application, the beneficiary will have 15 days time to accept the amount, by transferring funds to his/her bank account, if fails doing so within prescribed time the transaction would be auto-reversed to the remitter’s account.

Visit Axis Bank Website for more details..

No comments