Multi-bank mobile banking application Chillr has launched a product called Mass Pay which allows a corporate customer to push out payments to multiple vendors and disbursements. Chillr says that the product is currently in beta testing and has about eight clients on board. Mass Pay - 1st Enterprise product from @mychillr is now live in beta! https://t.co/tE5WPgQCyZ DM for early access! #API #payments — Sony Joy (@sonyjoy) April 18, 2016 The company says that the product has different use cases such as pushing out commissions and incentives to agents, micro-loans disbursement and vendor payments. So far, Chillr has signed up companies such as Dunzo (hyperlocal delivery company), EnCashea (online marketplace for scrap), and Buddy (a microlending platform). Speaking to MediaNama, Chillr CEO Sony Joy described the product as "bulk SMS for payments". The product runs on the IMPS platform and hence payments are instant. Clients can integrate the API into their app to make payouts. Here's the API documentation for the same. They can also upload a .csv file with details of the payout on a web app. The payments need to be authenticated via a mobile PIN. The .csv file needs to have account details and IFSC code. Chillr says that it can make a payout as small as Re 1 to audiences. Joy added that once the Unified Payments Interface (UPI) matures, payouts can be made to an alias. Joy added that the company will be coming out the final product by the second week of May. Mass Collect Joy also said that the…
