Multi-bank mobile banking app Chillr has tied up with HDFC Bank to both send and receive money over the platform. According to the startup, the app will remove OTP requirements and the need to remember account number and passwords for HDFC Bank users. On downloading the app, users have to verify their mobile numbers and choose their bank. The app allows users to pick pretty much any bank in the country, however as of now only HDFC Bank customers can carry out outgoing transactions, while customers of other banks can only receive money. The app also claims to allow users to send money to others near them, without knowing their phone number. According to the company, its currently in discussions with more than 15 banks for integration although it did not name any of them. As for charges, Chillr claims it does not charge end-customers or banks for transactions, however individual banks are free to levy transaction charges on customers, which usually range around Rs 3-5 when applicable. According to the company it requests banks to keep transactions free of cost, to promote digital transactions. The app also allows users to recharge mobiles, data cards or DTH accounts directly through their savings accounts. All transactions are authenticated through a 4-digit MPIN issued by the bank, similar to PIN numbers that come with debit/credit cards, to avoid fraud. The app is currently available on Android, with an iOS and Windows app coming soon. The app is pretty interesting, users with accounts in multiple banks…
