HDFC Bank is planning to introduce a new app, Chillr, which will allow users to send money to any contact in their phone books, 24 hours a day, seven days a week.
Through the app, one can send Rs 1-5,000 a day.
All transactions would be authorised through an M-PIN issued by the bank, which would be known to the customer alone. Also, the app will not store any passwords. It will have a customised keyboard to safeguard against phishing attacks.
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