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Mobile Payments

Payments app Chillr logs on to UPI

Wednesday 12 April 2017 | 11:31 AM CET

Sequoia-backed Chillr, a pioneer of app-based fund transfers using the immediate payment service (IMPS) platform, has jumped onto the Unified Payments Interface (UPI ) bandwagon with its main partner HDFC Bank. 

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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