When it comes to sending money instantly, banks have a new system in placed called as IMPS which is an instant real-time inter-bank electronic fund transfer service. This works even on Sundays, Bank Holidays and whenever you want. There is another advantage of using this system, you don’t have to share your bank Account no, customer id with anybody. All you will need is a mobile number and MMID. The later can be generated using Netbanking.
Today, Abhishek Baxi, shared about, Chillr, an app which integrates with your phone book well and makes the experience even better. MobMe Wireless Solutions Ltd & HDFC bank has partnered together to roll out a mobile app that allows you to transfer money to any contact in your phonebook anytime you want.
This service acts like a bridge where the need of MMID is eliminated. If your contact has the Chillr app, you can send him the money by selecting him, enter amount and your M-Pin to approve. That easy. The money is transfer instantly. So whats the catch? Why us it over service provided by the bank ? It’s limited to a maximum amount of ₹5,000 per day. Though you can do multiple transfers a day, but you are still limited.
Another impressive feature that the app includes is Near Me. Its like paying somebody who is in your proximity or call it a Virtual NFC payment. So lets say if you need to pay a taxi driver or to a random person, you don’t need to even share your mobile number. The app does that and get your payments through. As of now there is charges from the company, except that the bank will deduct Rs 5 + Taxes for every transfer.
That said, the company is also working on adding in more services like mobile recharge, DTH and other utility services.
Note : The full featured Chillr app is presently available only for HDFC BANK customers. Other bank customers can only receive money.
WP-Appbox: Chillr (WP8 Store) →