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. Digital payments company TranServ has launched mobile walled called Udio. The company has partnered with Ratnakar Bank (RBL) to offer physical VISA prepaid cards as well, letting users use the wallet for offline payments. The VISA card can be availed for in a section called ‘My Udio Card’ in the wallet. Here, users can order a new card by providing their details like name, address etc, post which the card is mailed to the user. Applying for the card costs Rs 99. Once received, users need to activate the card before they can start using it. The VISA card balance is linked to the wallet balance, with the app displaying transaction history, balance etc. The card can be used to carry out transactions at any offline outlets that support VISA cards. Users top up the account via bank transfer, and can withdraw the money back to their banks as well. Currently, there are no fees for bank transfers. Interestingly, Udio is a rebrand of the company’s Shmart! Wallet with a different interface and additional features like bill splits etc. The digital wallet can be used for electricity, gas, DTH and mobile payments as well. Other than this, users can gift vouchers to others from various brands like CCD, FastTrack, Myntra, Amazon and Starbucks etc. Like most other wallets, Udio also provides users with offers and discounts…
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