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KayPay for money transfer

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kayPay is launched by one of the most reputed private bank Kotak Mahindra on 13th OCT, 2014. It is the first bank agnostic payment product through Facebook. User can sent money any time 24×7. They don’t need to net banking or various details about payee.

User need facebook id and one time password to use it. Sender and receiver both receive notification through SMS.

kaypay

Currently it is only for they having a bank account with following bank:-

  1.       Kotak Mahindra Bank
  2.       State Bank of India
  3.       A P Mahesh Co-operative Bank
  4.       Andhra Bank
  5.       Axis Bank
  6.       Bank of Baroda
  7.       Bassein Catholic Co-op
  8.      Canara Bank
  9.      Corporation Bank
  10.      Cosmos Co-operative Bank
  11.      Dombivli Nagari Sahakari Bank
  12.      Federal Bank
  13.      Greater Bombay Bank
  14.      IndusInd Bank
  15.      Jammu &  Kashmir Bank
  16.      Janata Sahakari Bank
  17.      Karur Vysya Bank
  18.      Mehsana Urban Co-operative Bank
  19.      Oriental Bank of Commerce
  20.      Punjab and Maharashtra Co-op Bank
  21.      State Bank of Hyderabad
  22.      State Bank of Mysore
  23.      Union Bank of India
  24.      Yes Bank
  25.      State Bank of  Bikaner & Jaipur
  26.      State Bank of Patiala
  27.      State Bank of Tranvancore
  28.      United Bank of India

Apart from account with above listed bank, you also need CRN, email id and mobile number associated with bank account.

KayPay assure you a safe and secure platform to transfer money.

Every transaction requires an OTP (One Time Password) which you will need to generate with your bank.This OTP generation happens outside of Facebook and adds an extra level of security to your transaction.

You can stay absolutely worry free,as all the authentications and transactions will take place at Kotak Mahindra Bank’s secure server.

This application will never post anything on your behalf without your permission.

No bank account related details or transaction information will be shared with Facebook through Kaypay by Kotak Mahindra Bank.

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