Axis Bank's Ping Pay - Instant money transfer through social media channels
Axis Bank has unveiled the multi-social payment solution ‘Ping Pay’ to enable customers with smart phones to instant money transfers to any person using varied social media channels including Whatsapp, Facebook, Twitter, Email list and phone contact list. Money can be transferred to account holder of any bank.
The person-to-person funds transfer through Ping Pay will happen via NPCI’s Immediate Payment Service (IMPS). Currently, the transaction limit is set at Rs 50,000 a day. If left unclaimed until 15 days of transfer, the transaction would be auto-reversed to the remitter's account.
Ping Pay service competes with other banks digital products like ICICI Bank's Pockets and HDFC Bank's Chillar.
The Evolution of Social Media in Indian Banking Click here
ADVERTISE ON SOCIAL MEDIA- Banknet Group along with its associate group companies command reach of more than 3,00,000 audience, including Social media network of more than 1,00,000. We have a strong and well-built presence on Facebook, Twitter, LinkedIn, Google + & YouTube and receive millions of views as web traffic across our websites.
With strong presence both offline & online, Banknet Group can act as the perfect vehicle to deliver your message of promotion for your product and services to your set of targeted and relevant clients. Advertise with us .. Read more
We invite you to connect with us on social media & get instant updates & news.