Backwaters Technology, which owns the Chillr app, also plans to provide its platform for automated lending to banks and is in talks for a fresh round of fund raising.
Until now, Chillr was facilitating account-to-account transfers by signing up with partner banks. The app gets its access to the interbank fund transfer platform through HDFC Bank. It is planned that Chillr, which started as a peer-to-peer payment app, will use UPI for in-store payments using scan and pay as well as for online payments.
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