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HDFC Bank on Friday said its Unified Payments Interface (UPI) will also be available on Chillr, a multi-bank mobile payments app. Currently, UPI is available on HDFC Bank’s own mobile banking app.
UPI is an instant payment system developed by the National Payments Corporation of India (NPCI) to enable faster money transfer between any two parties’ bank accounts. In a statement, the bank said, “Chillr has been running on Immediate Mobile Payment Service (IMPS) with 11 banks prior to this launch and has achieved a milestone of monthly transaction value of over ₹500 crore.
“With HDFC Bank UPI on Chillr app, the start-up’s base will expand three times as customers of over 33 more banks will be able to use it, in addition to the existing 11 banks.”
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