HDFC Bank Ltd.

HDFC Bank, the second-largest private sector bank in India, is reportedly planning to launch its digital payments and purchase mobile application ‘PayZapp’, which will allow customers to access host of online marketplaces in one go and make payments in one click. This new mobile app will not only allow customers access to Smart Buy (online portal) on the mobiles to get deals offered by partners in the travel, music, hotels, shopping, grocery, movies, restaurants but also allow recharge, remittance and bill payments facility. At present, the bank has 15-20 large registered merchants and plans to add 10,000 within the next 45 days.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its over 28.9 million customers. As of December 31, 2014, the Bank had a distribution network with 3,659 branches and 11,633 ATMs in 2,287 cities/towns. The bank offers all services under one roof right from savings account, current account, demat account, auto loans and agriculture loans.