Register for The Paypers news Follow The Paypers on LinkedIn! Follow The Paypers on Twitter! Follow The Paypers on Facebook! Follow The Paypers on Google+!
The Paypers, paypers, Insight in payments, News, Reports, Events
Mobile Payments

Payments app Chillr logs on to UPI

Wednesday 12 April 2017 | 11:31 AM CET

Sequoia-backed Chillr, a pioneer of app-based fund transfers using the immediate payment service (IMPS) platform, has jumped onto the Unified Payments Interface (UPI ) bandwagon with its main partner HDFC Bank. 

Backwaters Technology, which owns the Chillr app, also plans to provide its platform for automated lending to banks and is in talks for a fresh round of fund raising.

Until now, Chillr was facilitating account-to-account transfers by signing up with partner banks. The app gets its access to the interbank fund transfer platform through HDFC Bank. It is planned that Chillr, which started as a peer-to-peer payment app, will use UPI for in-store payments using 'scan and pay' as well as for online payments.

Print | Contact editor | Mail
© 2017 The Paypers
More: Abstract | Link