Kotak Mahindra Bank launches Pay Your Contact service
Kotak Mahindra Bank has made an announcement about the launch of ‘Pay Your Contact’. it will enable its customers to send money or make payments to any of their contacts across all payment apps simply by the beneficiary’s mobile number.
- customers can use the ‘Pay Your Contact’ service through the lender’s mobile banking app.
- It uses the Unified Payments Interface (UPI) platform.
- The ‘Pay Your Contact’ feature allows users to make payments as easily and simply.
- Kotak customers will be able to make their payments to a friend, household help, neighborhood shop.
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