TranServ has launched Social Mobile Wallet – Udio. The wallet integrates a highly social, community-driven aspect with anytime, anywhere accessibility to digital P2P transactions.
Extending and replicating social behaviours, Udio enables squaring of dues, sharing dinner bills or a cab ride a hassle free task.
Udio users can gift their friends merchant vouchers, coffee, drinks, desserts and even spa sessions.
Anish Williams, Co-founder & CEO, TranServ, said, “With the Udio app, we are taking the next step in the field of digitally led social payments in India by seamlessly integrating the social aspect with our secure and swift digital solutions. We strongly believe in this concept and its viability in the Indian context, which is why we have integrated peer-to-peer transactions into our own offerings. Peer-to-peer digital payments solutions, such as Venmo, have already been proven to be extremely successful in other markets such as the US. We are confident that India’s growing smartphone user base will welcome this new development with open arms and adopt Udio as their default payments partner for all online and offline transactions.”
The 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 more value for the user.
