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    Kotak launches P2P payments for Facebook

    News in brief

    Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list. “KayPay offers a safe and secure platform to transact on the social networking site through a two-level authentication — Facebook user ID and password, and a one-time password,” the bank explains. “Further, both sender and receiver immediately receive notifications via SMS and on Facebook about the transfer.”

    Filed by Email Rian Boden nfcworld.com Published • Last updated 21 October 2014, 12:37

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