Breaking News

DCB Bank launches Cippy Wallet app - promotes ‘cash free’ digital payments lifestyle

Customers can use ‘Cippy’ to zip through their purchases

Mumbai, December 2, 2016: DCB Bank, a new generation private sector bank announced the launch of Cippy Wallet app. This mobile and tab based digital wallet encourages consumers to experience cash free purchases from the mobile phone. Cippy provides cash free convenience for day-to-day needs for everyone.

DCB Bank launches Cippy Wallet app - promotes ‘cash free’ digital payments lifestyle

The split bill feature is a unique feature in the wallet space. By offering ‘Split-Bill’ with friends and family Cippy is a fresh take on wallets in the Indian market. Now, any payment that is either paid using Cippy Wallet app or other modes such as card or cash can be easily split between groups with a single click on the mobile phone!

Cippy Wallet will also ease transition to digital payments from cash payments in the wake of demonetisation of INR 500 and INR 1,000 notes. Cippy enables cash free payments by using the mobile phone camera to scan the mVisa QR code at the retailer or service provider The Cippy Wallet user can scan, select the amount to be paid and uses their Cippy password   to authorize payment. The digital payment is made to the bank account selected by the shop keeper or service provider while applying for mVisa QR code from their respective bank

So it’s time to bid farewell to traditional payment mode! Auto rickshaws, private taxis, chaiwalas to fruit sellers and general stores, are moving to digital payment acceptance instead of physical money.

Speaking about Cippy Wallet, Praveen Kutty, Head Retail & SME Banking, DCB Bank, said, “We are delighted to introduce DCB Cippy Wallet app - DCB Bank’s mobile based digital wallet. I believe a large section of customers will use Cippy and experience the ease of cash free transactions and be a part of the digital revolution sweeping through across India.”

Cippy Wallet app is user friendly wherein users login with their name, mobile number and email ID to load the Wallet through Debit, Credit Card or internet banking. Customers use Cippy Wallet to pay mobile or DTH bills or even recharge mobiles. Additionally users can send money or ask for money from anyone. Cippy shows immediate confirmations in the app and sends SMS alert for every transaction. Cippy Wallet enables customers to share the status of a transaction with anyone via WhatsApp, SMS or e-mail.

About DCB Bank 

DCB Bank is a new generation private sector bank with 228 branches across 18 states and two union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary technology and infrastructure, including India’s first state-of-the-art Aadhaar number and fingerprint-based biometric ATMs, and internet banking for personal and business banking customers.

The Bank’s business segments are Retail, micro-SMEs, SMEs, mid-Corporate, Microfinance Institutions (MFI), Agriculture, Commodities, Government, Public Sector, Indian Banks, Cooperative Banks and Non-Banking Finance Companies (NBFCs). DCB Bank has approximately 500,000 customers. Its promoter and promoter group, Aga Khan Fund for Economic Development (AKFED) and Platinum Jubilee Investments Ltd, hold around 16 per cent stake. AKFED is an international development enterprise dedicated to promote entrepreneurship and building economically sound companies. It operates as a network of affiliates with more than 90 separate project companies and over 80,000 people.