Categories: Banking

Kotak Mahindra Bank launches ‘Pay Your Contact’ service

Kotak Mahindra Bank has announced the launch of ‘Pay Your Contact’ the new feature that enables its customers to send money or make payments to any of their contacts across all payment apps simply by the beneficiary’s mobile number. The ‘Pay Your Contact’ service is available on the lender’s mobile banking app and uses the Unified Payments Interface (UPI) platform.

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The ‘Pay Your Contact’ feature on Kotak mobile banking app has made payments as easy and simple as can be. Kotak customers can now make their payments to a friend, household help, neighbourhood shop etc. just by knowing the beneficiary’s mobile number.

Important takeaways for all competitive exams:

Kotak Mahindra Bank Establishment: 2003;
Kotak Mahindra Bank Headquarters: Mumbai, Maharashtra;
Kotak Mahindra Bank MD & CEO: Uday Kotak;
Kotak Mahindra Bank Tagline: Let’s Make Money Simple.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.