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Kotak Mahindra Bank Kay Pay Service

Not instantly transfer money to your facebook friends without net banking and other formalities.

There was a time when people used to need account details of the person to whom the money was to be transferred and they had to stand in queue for the same. Time changed and net banking and mobile banking replaced time taking queues. But time has changed a lot now as now there is a more advance and Hi-Tech option to transfer money easily on facebook. Neither it requires bank account details nor does it require net banking and much more.

The bank which has made it possible is Kotak Mahindra Bank kay Pay Service which has announced KayPay. It is the world’s first bank agnostic payment facility for facebook account holders who can send and receive money instantly 24*7 and 365 days. It is for the very first time that a huge majority of people, or can say about 250 million bank account holders can perform transaction of money whenever they want and need irrespective of the net banking, bank account details of payee etc.

With the launch of KayPay, it has allowed million of people who have accounts in banks, to transfer funds only by choosing recipient from their friend list of facebook. It is an absolutely safe and secure platform which has two level authentication involving facebook ID and password and a One Time Password (OTP). Afterwards, both sender and receiver will be notifying through SMS and on Facebook also with the details of fund transfer. According to the president of Consumer Banking of Kotak Mahindra Bank, KayPay has revolutionized the methods of digital banking and has utilized the social media platform very intelligently. Most amazing feature of KayPay is that it is absolutely free of cost and has eliminated the need of traditional banking.