Today’s need of a user is to make fast and easy payment using a hand held device. To know recipient’s bank details or entering it while making a payment (or maintaining it) is tedious and time consuming. Payment using a contact number or email id is far more convenient to the user as it is hassle free and requires no maintenance of payment details.
In order to facilitate easy and fast payments for users, a digital channel introduced as ‘Wallets’. Wallets will serve easy payments to the recipients just by entering the recipient’s email id or mobile number. The bank can serve additional channel for its users for basic banking and a trending way of making payments.
With wallet, user can perform basic banking using a simple and easy to use user interface.
Wallets features includes: