HDFC Bank claimed to have done a global first by rolling out a mobile phone application that will aggregate merchants’ applications.
The app – Payzapp – will allow users to transfer funds, shop, pay utility bills, book tickets and recharge phones, etc. Moreover, a customer can also apply for loans, purchase insurance and the bank will also give investment advice through it.
“Payzapp will help customers do multiple transactions. A customer’s debit or credit card will be connected to the application,” Aditya Puri, Managing Director, HDFC Bank, said while launching the application.
The app can be downloaded from the Google Play Store from June 15
