Citrus Pay Comes Up With e–Wallet To Address Loose Change Woes

Citrus Pay, an established Online Payment Gateway company has come–up with an e–Wallet to minimize the need to carry loose change.

Christened ‘Citrus Cash’, the app presently seems to be available only on Android, but the makers claim will work on all Mobile Browsers and web. It is a free app that users can download and use. Speaking about the launch, Satyen Kothari, Chairman /  Founder, Citrus Payment Solutions Pvt. Ltd., said,

“Our new app is set to revolutionize the way people will now transact with small denominations of money. India has grown rapidly and the need of the hour is to transform the way we make and receive payments. Citrus Pay went to the root of the payment problems and firmly believes that mobile/e-payments are the future with the growing mobility of Indian populace. Now, college students, family members, work colleagues can all replace the need for cash and the headache of dealing with change. They can split bills for lunches, canteens, outings and much more in a couple of seconds flat. This product is for the new India and the new Indian.”

How does the platform work? Similar to other solutions offered by multiple companies, Citrus Pay requires users of the app to load money into the e–Wallet. This pre–paid wallet takes money via Credit / Debit card and Net Banking. Moreover, the app allows reverse transfer too, in the sense that the app can be used to transfer money from within the app to specified bank accounts.

Interestingly, the makers have ensured the adoption will be fast because the app doesn’t mandate users to be Citrus account holders. Citrus Pay has a detailed Payment History tab that offers an instant glimpse at the past payments via the app to have a better understanding on the spending patterns.

With RBI banning notes made prior to 2005, this app should help people overcome the problem, said Jitendra Gupta, CEO / Founder, Citrus Payment Solutions Pvt. Ltd.,

“Fake, obsolete and damaged notes can never again bring a wrinkle to your forehead with the use of our new application. This application which utilizes the RBI licensed Citrus Bank will ensure that you never discredit your credits and debts. Going a step ahead, this application will also ensure that loose change is always on hand without making your wallet heavy.”

Though the company might already be thinking of newer features, it would be great if the app featured a simple NFC based transaction to make it even faster and convenient. What do you think?

Source | IndiaDigitalReview

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