Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. The Hinduja Group promoted IndusInd Bank has tied up with PayU to launch its consumer banking products online, reports Business Standard. The bank is working on digital banking solutions that will work across social and commerce platforms, similar to internet banking offered by other banks. It will also launch co-branded digital consumer banking products in the next 4-6 months and make use of PayU’s OneTap, express checkout etc features. In July last year, IndusInd Bank launched a new payment product called Quickpay where customers could send money to their personal contacts and business parties through SMS and email. They could also transfer money to a recipient by filling a form with their email ID or mobile number number of the receiver through the bank’s website. At that time, IndusInd Bank’s head of digital and payments business Ritesh Raj Saxena had said that the bank would be releasing its wallet based payment app, which seems to be live here. PayU’s one tap technology: Last month, PayU Biz launched a new technology which would allow users to make payments via a single tap and still be compliant with the Reserve Bank of India’s regulation of two-factor authentication for all card payments. It would remove the need to enter the CVV and auto-read the OTP sent on mobile phones to complete the transaction in one tap. However, PayU explained that the one-tap payments…
