IndusInd Bank launches "IndusPay" app to promote digital payments
The application serves as a single mode to make payments through multiple bank accounts.
Amid the cash crunch situation in the country, IndusInd Bank on Thursday announced the launch of its new application "IndusPay" on the Unified Payments Interface (UPI) platform to facilitate digital payments and money transfer.
The bank in a release said that the application will work on both online and offline mode. It also allows money transfer between two UPI or IMPS-enabled bank accounts.
Commenting on the app, IndusInd Bank’s Head of Savings & Digital, Ritesh Raj Saxena said, “We, at IndusInd, strongly believe that digital services will mark a paradigm shift in banking & payment services. We are in parallel working with a few corporates for UPI based payment acceptance for their supply chain and retail payment acceptance.”
As per the release to avail this facility, customers need a bank account and a registered mobile number. The bank’s retail, corporate, institutional and commercial banking clients as well as Non- IndusInd Bank customers can generate the Virtual Payment Address (VPA) IDs on the app to start their financial transactions.
The application serves as a single mode to make payments through multiple bank accounts without needing to download separate app for each bank.