VARINDIA IT MAGAZINE

HDFC Bank has launched PayZapp, a payment solution that will revolutionize the way payments and purchases by using mobile devices. Any payment can be done by ONE CLICK after downloading this App. The launch of PayZapp and SmartBuy, a virtual mega marketplace that has every type of product available, is the latest initiative in HDFC Bank’s digital banking. It aligns with the Bank’s core digital theme of “Bank aapki muthi mein”, which places the power of banking in the hands of the customer. Speaking about the new launch, Parag Rao, Business Head, Cards, Payment Products and Merchant Acquiring Services, said, “PayZapp is pathbreaking. For the customer, whose world has now converged on his mobile device, this innovation will mean that he’ll be able to do every type of payment and purchase from a single App with a single PIN, whenever and wherever he wants, without worrying about prepayment and re-loading.” As of FY 2014-15, 63% of all transactions at the HDFC Bank... See more  ...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Newgen Software has enhanced its BPM-based payment solution stack for facilitating Direct Debit payments. Newgen has implemented Electronic Fund Transfer (EFT) solutions and Image-based Cheque Clearing Systems (ICCS) across the Indian Sub-continent, the Middle East, Africa and the SEA regions. Diwakar Nigam, CEO & MD, Newgen Software said, “Newgen's solution for Direct Debit payments has been designed to help banks to automate error-prone processes and efficiently manage electronic fund transfers, while reducing their operational expenses. Further, the system can scale up to offer business benefits across multiple lines of businesses within banks.” For More Details See www.varindia.com