India’s Axis Bank Taps WhatsApp for P2P Mobile Payments

Friday, May 15, 2015

India’s Axis Bank has launched a mobile payments service that lets users send money to each other through WhatsApp, Facebook, Twitter, email and phone contact lists.

Developed with Singapore-based social payments vendor Fastacash, the Ping Pay app enables P2P fund transfers as well as mobile top-up through the National Payments Corporation of India’s Immediate Payments Service (IMPS).

Axis Bank customers can download the app (currently only available for Android handsets but coming to iOS in the next few weeks) and sign up for the service using their registered mobile numbers and link their online banking credentials or payments card.

Source: Finextra (link opens in a new window)

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Technology
Tags
banking, digital payments, mobile applications, mobile money, peer lending