Till now, you had to know a person's account number while making a standard bank transfer, along with the IFSC code & a couple more details. Getting those details from the recipient is another problem.
We all know how painfully slow the NEFT system operates. Mostly, it takes anywhere from a few hours to 1-2 working days to complete the transfer and that too after filling in a plethora of details.
Most of the apps and websites that belong to banks have a mediocre sense of design and are alienated from your real needs and behavior. Hence, it is time to break away and embrace the new flow.
This app is great! It is so convenient to just pay people right on my phone! I rarely carry cash and it's such a hassle to go to an ATM sometimes.
Like totes! But really though, this app is awesome. Paying people off and receiving payments hasn't been easier. I use it to sell some of my items too!
The best is when you go out for food with people and the bill is a nightmare. Just have 1 person pay for it and have the rest transfer the money. Simple simple!