Monday, June 8, 2015

Ping Pay

The last month has been absorbed by exams, but the fun hasn’t gone down even a bit. In the same time, there were two bloggers’ meets organized by Blogadda, and in this post I shall be covering the first one.

Venue: Axis Bank, Corporate Office. Axis Bank Limited, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai – 400 025

The meet was organized by Axis bank in order to introduce their new multi-social payment app which is aimed at transferring money in an easy and fun way. Mixing social media with the transfer of money is what they call innovation, with none of the other online payment apps being so direct and easy for use.

So let us talk about Ping Pay, which has been made to make your experience of transferring money all the more easy and fun in ways too. The interface is extremely simple and it does not hold any hidden features which any lay person would not benefit from in their 1st trial and all it needs is a simple registration.

With the social connect being initiated, with each transfer and request to obtain money or a mobile recharge, a customized message/ audio/ video can be sent to the receiver as a personal note. The money can be sent across various mediums like WhatsApp, Facebook, Twitter, Gmail, etc, with support for other mildly less active mediums in the pipeline.

There is no hidden cost on the usage of this application, and that’s not all! Money can be sent and received at all times, and with an existing login, the process can take around 10 minutes on the higher side. It saves the user the time and energy of passing on their IFSC code, account number, and all the data required to transfer money via net banking or NEFT.

Now comes the big question- is it safe enough for use?

To be honest, the application is very safe. Axis Bank has been renowned for their customer support and yet again they keep their word by making this app as one of the safest mediums for money transfer via the internet.

On registering, the user has to enter a MPIN which is private and cannot be saved on the mobile device, meaning that a misplaced phone does not open your account to the world. For every transaction a random and unique ping code is generated which has to be shared from the sender to the receiver. The transaction is valid for 15 days, and can be accessed in that time period. The limit for a transaction is Rs. 50,000 and that is also the restricted amount for a single day, as a sender.

Axis Bank has created this app with the help of Fastacash, which is a Singapore based firm which specializes in such matters. This app saves the time and energy of every net banking user and makes transactions all the more easier, and that too without the wastage of a single penny.

This post is about 'Digital Axis' meet conducted by Axis Bank in association with

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