Axis Bank enables payment through social networks using PingPay app
Now Axis Bank users in India can send someone money over WhatsApp, Facebook, Twitter, email, or even SMS. All you need to do is download the new PingPay app.
The app is made in partnership with Fastacash, that enables transferring money over social networks.The app shows your contacts and then you can enter the amount you need to send (Rs. 50,000 maximum, for now). Then select the social network you need to send it on and it sends a message with a pin code. The recipient does not need an Axis Bank account to receive the money. The app does away with having to enter account number and IFSC code and works on NPCI’s Immediate Payment System (IMPS).