Friday, 5 June 2015

#Ping Pay Kar- Social Banking by Axis bank

Hello Friends, nowadays social media is booming in our daily life. We can do all kinds of communication stuffs like call, video calling, chat, message, email and sharing pictures & videos with the help of available social media channels like  Facebook, WhatsApp, Skype, Twitter, But friends do you know now we can do banking & money transactions with the help of social media. Sounds surprising right, well let me tell you how? So recently, Axis bank has come up with the new app called #PingPay. It's a bubbly way of fund transactions. It allows multi-social payment through all social media channels.
Recently I got an opportunity to attend the live demonstration of this application from Axis bank officials & masterminds behind its creation at their head office in Mumbai.

So let me tell you something about the Ping Pay app & what Axis bank officials have to say about it.

As per Axis bank press release "PingPay is a multi-social application by Axis bank, which allows its user to transfer funds seamlessly to anyone they are connected to using WhatsApp, Facebook, Twitter, Email & phone contact list.
It provides a unique multi-social payment solution to enable customers, especially the youth & smart phone users more frequently for money transfer, mobile recharge using social messaging channels.
Ping Pay has been developed in partnership with Fastacash, a Singapore-based, venture-capital backed firm. It's technology enables value(money, airtime, coupons, etc) transfers, along with digital content across any social or messaging platform."

It also comes with various security features like SIM locking, OTP & device locking  for secure transactions. To avoid fraud and reduce the risk, the transaction limit is Rs 50000/- per day & per transaction.


During the demonstration, we have been shown how the money & recharges being done with the help of Ping Pay. In my opinion, this is one of the most innovative mobile application for banking, which will surely going to change the future of  the way we do banking. As people are more socially connected on the Internet. It will help such ideas to reach more & more people in our country. To change our traditional ways of doing things. Banking is one the most innovative & emerging domain on Internet world.

One can ask for money to any Friend or relative who is on their contact list or WhatsApp. You can simply tell them "I need money  #PingPayKar".


One of my tweets during the event, You will surely gonna laugh & we normally respond this way when someone ask for money


Overall it was a very interacting event between blogger & Axis bank officials. We gave lot's of suggestion as well. Axis bank is soon going to release the new version with more options like investment, bill payment etc. Have you tried this application yet. If yes do share your experience on my blog. In case of any query feel free to ask. Hope you have enjoyed the post.


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

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