Sampath Bank revolutionises payments landscape with “Sampath PayApp”
Sampath Bank announced the launch of a revolutionary digital payment platform, the Sampath PayApp, recently. This path breaking mobile based application enables Sampath Bank account holders to send and receive money directly from and to their bank accounts, in real time, right on their mobile devices. Given its superior convenience, a growing number of the country’s leading merchants are signing up for Sampath PayApp already.
“Consumers can begin using the product by simply downloading the app from the Apple App Store or the Google Play Store and activating it with their mobile banking PIN. They will not require credit or debit cards and can use their existing Sampath Bank accounts to make payments. Doing away with the inconveniences related to handling cash, PayApp allows them to make payments either by scanning the QR code at the point of billing or via encrypted sound. Its remote payment capabilities enable them to pay merchants who are not in close proximity. The Bank has also extended its peer to peer money transfer solution to the Sampath PayApp, permitting users of the app to send money through it too. This makes it the first fully self- activated mobile payment application in the country to offer 3 secure methods of payment viz. encrypted sound, remote payments and QR codes,” the bank said.