India’s leading private Bank, HDFC Bank today announced launch of PayZapp, an all-in-one mobile payment and money transfer app that promises to make any sort of payments in a single click.
The PayZapp app users can make variety of transactions like mobile recharges, instant money transfers, bill payments, shopping on various ecommerce portals to groceries, to even big-ticket purchases such as foreign holidays and designer clothes.
PayZapp features a section called Smartbuy – a sort of a aggregator of the major ecommerce sites across various verticals. PayZapp has partnered with sites like Flipkart, Makemytrip, Cleartrip, Yatra, Big Basket among others.
Speaking about the new launch, Mr. Parag Rao, Business Head, Cards, Payment Products and Merchant Acquiring Services said, “PayZapp is path breaking. For the customer, whose world has now converged on his mobile device, this innovation will mean that he’ll be able to do every type of payment and purchase from a single App with a single PIN, whenever and wherever he wants, without worrying about prepayment and re-loading. Like all our innovations, the genesis of this platform is customer convenience. As part of our Bank aap ki muththi mein initiative, this product is another major digital leap. In fact, the customer will find it is not only the #PowerofBanking which is in his muththi, but effectively the whole world.”
We downloaded the PayZapp app and prima facie, the app does look good and offers you host of payment services. According to PR sent to us, the app promised to be a single click purchase app – which it was NOT and something that still seems to be in works.
However, we were very easily able to add a new debit card and add money to the account. It also has some great features like creating a virtual one-time use card (netsafe). For users who are worried about using their original card for making purchases online, this virtual card feature will be mighty useful.
We tried to make a purchase on Flipkart though their Smartbuy section and it took us 3 steps after clicking on Flipkart buy button . We still needed to put the 2nd factor of authentication on Visa 3D secure site, but it reduced one step as it saves the debit card.
If you are an HDFC customer, you should definitely download and check out this app, It will help you make many different kind of payments online with ease.
Check out their introductory video.
Do let us know how do you like PayZapp. You can download the app on Android from here.