This partnership will enable Bharat Bank customers to
· Send money to anyone on their phonebook
· Send, receive money at any time, always-on - 24 x 7 x 365 service.
· Pay Utility Bills, Recharge Mobile, DTH etc.
March 29 2016, 17.36 PM IST || Pocket News Alert
Chandigarh, March 29, 2016: Bharat Bank, a tech-savvy co-operative Bank, today announced its tie-up with mobile payment app Chillr. This association will allow the bank’s customers to instantly transfer money to any contact on their phonebook. Chillr, a first-of-its kind application, is directly linked to the customer’s bank account wherein the user can transfer money to any person in India, once he/she downloads the app and registers. The app is easy to use and is available on Android, Windows and iOS operating systems.
C R Mulky, MD & CEO of Bharat Bank commented, “In view of the sweeping changesin the banking industry and customer preferences, we continue to pay special attention to offer easy andsecure tech-enabled banking solutions. We are glad to partner with Chillr in achieving this goal.”
Sony Joy, Founder and CEO, Chillr stated on the development, “India’s internet usage is growing exponentially, with almost 22% of adults having access to World Wide Web. The need for digital banking thus has not been more pronounce and we expect this user base to grow. We are pleased to have Bharat Bank as one of our bank partners in our endeavour to create digital economy.”
Apart from sending and receiving money, Bharat Bank’s customers can enjoy a host of other features like special discounts with specific merchants, recharging prepaid mobiles, DTH and data cards, splitting of bills between friends/colleagues as well as a quick means of checking one’s account balance.
Chillr is an offshoot of the Kochi based technology firm called MobME and a beta launch was introduced in February, 2015.
The receiver instantly gets the money in his bank account when the sender chooses the recipient from his Chillr contacts, enters the amount and the secret M-pin (provided by the bank) and presses PAY. Chillr does away with the hassle of prior filling up of a prepaid wallet or saving of passwords.
Chillr is also an important tool for financial inclusion in rural markets, allowing migrant workers to remit money to family back home in a secure manner. Chillr aims to tie up with 30,000 merchants and on-board 15 leading banks by end of March 2016.
Chillr was the only financial/banking app to be listed in Apple’s “App Store Best of 2015” on the iOS platform in India. Apple's editorial team hand-picked Chillr from amongst 1.5 million apps that finds presence in the App Store.
About Bharat Bank
The Bharat Co-operative Bank (Mumbai) Limited, popularly known as Bharat Banksince last 38 years is the youngest amongst the TOP 5 Co-operative Banks in India.
The Bank manages business of around 14,800 crores through a network of 87 branches spread over Maharashtra, Karnataka & Gujarat. Reckoned in the Banking Industry for its SOUND FINANCIALS & STRONG FUNDAMENTALS, the bank has consistently witnessed above-industry growth levels fuelled by the trust reposed by its delighted customers.
While Bharat Bank has been extremely strong on the traditionalbrick & mortar banking model, it has quickly transformed to offer tech-edged services to meet the changing preferences of its customers. The partnership with Chillr is part of this initiative to offer 24x7x365 services in a secure, convenient & charge-free model to its customers. Bharat Bank is the FIRST CO-OPERATIVE BANK to GO-LIVE on Chillr.
About Chillr:
Chillr, often described as 'WhatsApp for money', is India's 1st multi bank payment application. Chillr makes it possible to send money instantly to anyone in your phone book without having to know the recipients account details. It also supports mobile recharges, utility bill payments and payments at online and offline stores. Unlike wallets, Chillr lets you keep the money in your savings bank account till the point of actual expense. For further information, please visit https://www.chillr.in/
