HDFC recently introduced their new all-in-one app PayZapp for making payments and money transfer mobile app. This is a unique invention of app launched by the leading bank of India to help the customers to make any type of payment just in one click. This app allows n number of transactions ranging from mobile recharge to ticket purchases for holidays and travel, shopping and other type of purchasing etc.
With growing modernization the work is getting simpler and easier. Banking being one of the vital part human lives cannot be expected to stay back. Taking revolution to a whole new level and diversifying the outlook of banking, ICICI Banks have introduced new integrated phone based banking service called “Pockets”. With the sole purpose of bringing mob-banking to a very different level, country’s first digital bank has been launched.
IMPS or Immediate Payment service is an interbank electronic instant mobile money transfer service that can be done using the user’s mobile phone. IMPS service helps individual transfer funds immediately accessing his / her bank account. The beneficiary account is credited immediately as and when a fund transfer request is made through the customer’s mobile phone or internet banking.