You can now shop on Flipkart, make bill payments, book movie tickets or recharge your phone by logging on to just one mobile application.
To give digital banking a push, country’s second largest private lender, HDFC Bank will shortly launch its digital payments and purchase mobile application ‘PayZapp’ that will enable customers access a host of online marketplaces in one go and make payments in one click.
The bank said the mobile app will not only allow customers access to Smart Buy (online portal) on the mobiles to get deals offered by partners in the travel, music, hotels, shopping, grocery, movies, restaurants but also allow recharge, remittance and bill payments facility.
PayZapp has three levels of security which can help you register your debit and credit card with the app. It also allows you to make payments through the wallet within the app.
“HDFC Bank customers can access all websites through this app without downloading individual apps…The bank will also give discounts over and above what is offered by the merchant partners,” Senior Executive Vice-President and Business head, Card Payment Products and Merchant Acquiring Services, HDFC Bank.
At present, the bank has 15-20 large registered merchants and plans to add 10,000 within the next 45 days. It also plans to allow non-HDFC Bank customers access the app, add QR (quick response) code based payments and make contactless payments available through this app soon.
In March 2015, HDFC Bank recorded mobile transactions aggregating Rs 6,000 crore and the volume of transaction were at 1.5 million. Currently, about 35 per cent of total transactions are through mobile banking, the bank said.
Inspired by a visit to the Silicon Valley in San Francisco, Aditya Puri, MD, said, “There was a common phrase I heard there “over the top”. Similar to that, we wanted to make payment and shopping more convenient and deliver to you for all your financial needs…."