Federal Bank announced its partnership with with Chillr, a mobile banking application, to provide cashless transactions.
Chillr, India’s first and only multi-bank mobile application, allows users to connect seamlessly with multiple bank accounts and manage all their banking needs on a single platform, making money transfer between bank accounts easier, faster and safer than sending a text message.
“All transactions on Chillr are initiated directly from the users’ bank accounts and authenticated by a PIN provided by their banks,” Federal Bank said in statement.
The Kerala-based private sector further said that “the mobile banking app integrates with banks directly and provides total security for all transactions. The easy to use app is available on Android, Windows and iOS operating systems.”
The facility is already available to all customers of Federal Bank, it said.
“We have always believed that digital services will herald a paradigm shift in banking services. The bank has always striven to be ahead of the curve by launching a bouquet of on line services,” Babu K A, Head of Digital Banking at Federal Bank said.
Sony Joy, CEO, Chillr and Co-Founder, MobME Wireless Solutions, said, “Our mission is to re-imagine banking and financial services in India by challenging the monopoly of cash and Federal Bank will be a key partner in this.