Sunday, May 10, 2015

Axis Bank Ping Pay – Scattering the Joy of Safe ePayments



          IMPS (Immediate Payment Service) has got another fan added to its growing legion.
          The latest Safe eTransactions Tool to be on the IMPS network is Axis Bank Ping Pay.
          The Ping Pay utilises the IMPS channel to move funds between bank accounts.
          Lots of unique features have been loaded on AX to make it attractive for Axis Bank customers or non-customers to route their financial transactions through Axis Bank Ping Pay
          `Yes, this APP can be experienced by non-customers (potential) of Axis Bank too.
          In simple terminology, Ping Pay is a multi-social payment app from Axis Bank that lets you send or ask for money and mobile recharge across Facebook, Whatsapp, Twitter,

The following features  are part of PING PAY:-

Axis Bank customers
  • Send Money & Recharge
  • Receive Money & Recharge
  • Request Money & Recharge
Non Axis-Bank customers
  • Receive Money & Recharge
  • Request Money & Recharge

11 Unique features of Axis Bank Ping Pay

01)  The transaction limit is set at 50,000 a day.

02) ‘Ping Pay’ will enable Axis Bank customers to transfer money to any bank account through social messaging channels like WhatsApp, Facebook, Twitter, Email and Phone Contact lists.

03) To avail Ping Pay service, user have to first register with register mobile number and for sending money can associate their Axis Bank internet banking credentials or ATM/ Debit Card to send money.

04) Ones the sender sent an amount to their friend by selecting through social application, the beneficiary will have 15 days time to accept the amount, by transferring funds to his/her bank account, if fails doing so within prescribed time the transaction would be auto-reversed to the remitter’s account.

05) The send or ask for money feature is through NPCI’s IMPS. IMPS is the preferred mode as it functions 24*7, 365 days a year.

06) There is a SIM and device lock security feature.

07) A unique MPIN is required every time to log-in into the Ping Pay app.

08) Multiple login to the Ping Pay app from different mobile handsets is not allowed. You can use the application on only one device for one mobile number.

09) The transactions fees are yet to be decided.

10)  This App will be made available on Apple Play and Google Play

11)  Utility bill feature is a good option which can be added to Axis Bank Ping Pay

Download now the Ping Pay App and start using  the #PingPayKaro hashtag to  send or ask for money.