HDFC Bank, the second-largest private sector bank in India, has launched a mobile phone application, PayZapp, for online payments and money transfer. The customers can download this app and pay with one click for all spends done, from mobile phone top-ups to instant money transfers, bill payments, groceries, movie tickets to even big-ticket purchases such as foreign holidays.
In PayZapp, SmartBuy will help drive the payment process. The bank has tied up with Flipkart, Cleartrip, Goibibo and Expedia for SmartBuy. The customers will be able to make money transfers, pay utility bills and recharge their mobile and DTH connections with just one click and a single PIN entry.
PayZapp does not require credit or debit card numbers and security codes to be entered for every purchase. There is no pre-paid card restriction on daily or monthly limits and no need to load money to pay.
