TranServ, an India-based digital payments company, has introduced a social mobile wallet, called Udio, to enable users square dues, share dinner bills or a cab ride in a hassle free manner.
The digital wallet is integrated with a VISA Pre-Paid Card issued by Ratnakar Bank, which provides an option of digital payments at over one-lakh merchants across the country.
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Using Udio- which means ‘share’ in Croatian- users can also gift their friend’s merchant vouchers, coffee, drinks, desserts and even spa sessions, the company said.
TranServ co-founder & CEO Anish Williams said: "With the Udio app, we are taking the next step in the field of digitally led social payments in India by seamlessly integrating the social aspect with our secure and swift digital solutions. We strongly believe in this concept and its viability in the Indian context, which is why we have integrated peer-to-peer transactions into our own offerings."
Recently, TranServ also launched smartphone-based native payments platform in collaboration with Micromax, which will enable users to make financial and social transaction through native phone.
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By GlobalData
