Private sector lender HDFC bank on Tuesday launched a mobile application which allows its customers to instantly transfer money to any contact in their phone book. The transaction can be done 24 hours a day with a maximum transaction limit of Rs. 5,000 or ten transactions a day and Rs. 50,000 a month.
The bank has partnered with Kochi-based mobile value added services company MobME who has developed the new app called for the service. The transaction can be done between registered HDFC customers who have downloaded the app on their phone.
“As part of our digital strategy we want provide convenience for our customers. The new app will help our customers including students, young professionals and customers in rural India. The Chillr app gives the convenience of sending and receiving money using mobile phone in a secured manner,” said Nitin Chugh, Head, Digital Banking, HDFC Bank.
Chillr is a first-of-its kind application that is linked directly to customers’ bank accounts. With Chillr, the bank’s customers can transfer money to any person in India once they download the app and register.
“The application is save and we don't save passwords or and can be accessed only with an M-PIN known to the customer alone. They can send and request money directly using their mobile phone,” said Sony Joy, Co-founder of MobME & CEO at Chillr.
The company also said it is in touch with other banks to launch the application. HDFC Bank customers can download the app from iStore or from Play.
