Digital payment startup TranServ has entered the mobile wallet segment with Udio. Known as the first Social Mobile Wallet, Udio waants to create a highly social, community-driven P2P digital transactions platform via its secure and seamless payment structure.
Udio is different from other mobile wallets such as Paytm, Oxigen or Citrus in a way that while other mobile wallet players depend upon cashbacks and discounts to drive consumer adoption, TranServ’s Udio wallet brings the user experience.The wallet users can engage with each other through social transactions such as splitting bills, sending/requesting money, and group payments.
The Udio wallet also has several value-added features that make it stand apart from the other mobile wallet apps. Every Udio wallet comes with a VISA Pre-Paid Card linked that is powered by Ratnakar Bank allowing Udio users to leverage the wallet’s payments facility with over 1 lakh merchants across the country. This seamless usage across online and offline channels through the Udio VISA Card adds even more value for the user and makes the wallet truly ubiquitous.
TranServ also recently launched India’s 1st smartphone based native payments solution in an exclusive partnership with Micromax, India’s leading smartphone brand.
Inclusive Learning – Secret of Success
- Leverage means use borrowed capital for (an investment).
- Wallet means Purse
- Seamless means smooth and continuous
- Ubiquitous means present, appearing, or found everywhere.
