Chutta nahi hai’ will no longer be an excuse for people to not give or take money, neither will be a scenario where your pockets are heavy with the burden of cash, cards or loose change. Now the time is near where you can lighten your pockets and enlighten yourself with Citrus’ 2014’s most exciting consumer product launches in India- the ‘Citrus Cash’ App.
Mumbai-based payment innovator Citrus Pay has launched an android application which is all set to address the problem of small denominations of cash and loose change. This application is available on all mobile browsers and the web free of cost.
With this app whether you have to make payments to the value of Re. 1 or if you are splitting a bill with friends on an outing, Citrus Pay’s new service is all set to make this as easy as simply pressing a button.
The idea:
There are numerous scenarios in our everyday lives where the lack of small change/ small amount of cash leads to unnecessary heartburn. Plus the pain of carrying all those notes and coins in a wallet is a burden too! That’s where the idea for this app germinated for Citrus Pay. To design an app which would make everybody’s life from a student’s to a canteen walah much simpler.
Another aspect was that since, by 30th March, using pre-2005 notes including Rs. 500 and 1000 can become a hassle and such a thing may again happen in the future when other notes go out of circulation. Hence, Citrus Pay’s new application will not only save this hassle but all other hassles currently faced while making payments.
How this Works:
The consumer can sign up at citruspay.com for an account or download the Citrus app from the Google Play Store and load a amount of their choice via a credit card, debit card, or directly from their bank. This app will enable the user to transfer money to friends, colleagues, and family members in just a few seconds. Amounts can be from as little as Re.1 to up to Rs. 10, 000.
App’s Functionality:
Send Money: User can return borrowed money to friends, pay shared bills etc.
Request Money: Users can ask friends who borrowed money or for whom they paid to return the amount, or request friends to lend money.
Transfer Money: The application not only lets the user load money and use it for various payments but also allows the user to transfer it to his specified bank account at anytime.
Payment History: It allows the user to view all his past transactions to keep a track of his spend patterns.
Load Money: User can load up to a maximum of Rs. 10,000 to his wallet. He can then use this money for payments at various places, pay friends etc.
Experience the App: https://play.google.com/store/apps/details?id=com.citrus.citruspay&hl=en
Speaking at the launch of the ‘Death of Chutta’ app, 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.”
The cash in the Citrus application can be loaded with a Debit/Credit card or through Net Banking. Once the money is loaded, it will take just couple of seconds and a single password to make a financial transaction between two individuals anywhere in India, even if the recipient is not a Citrus account holder.
“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.” said Jitendra Gupta, CEO/Founder, Citrus Payment Solutions Pvt. Ltd.
About Citrus Pay
Citrus was founded in 2011 by a group of software design and finance professionals who saw space for simplification and innovation in the world of payments in Asia.
This has resulted in the company building three business lines – payment processing (including Netbanking, Cards, EMI, COD and rules engines), enterprise payment SaaS solutions (success rate optimization, multi-platform payments, analytics) and consumer payment services (online/mobile e-wallet and p2p payments).
In addition to handling various payment modes seamlessly across devices, Citrus provides innovative solutions for emerging market problems, such as unreliable infrastructure that results in lower success rates and consumer dissatisfaction. It is also in the forefront of the Asian mobile ecommerce revolution in payments to tackle the unique needs of these markets, and boasts of marquee customer names in its portfolio.
Citrus solutions power Android applications, iOS applications, Windows applications, and responsive web checkout systems for a 1000 plus merchants. Its customers include Indigo Airlines, Airtel, Sun Direct, Shine, Reliance Entertainment, Abhi Bus, Zivame, EasyCabs, Delhi Metro, Delhi Jal Board, DDA, and Healthkart
Mumbai-based payment innovator Citrus Pay has launched an android application which is all set to address the problem of small denominations of cash and loose change. This application is available on all mobile browsers and the web free of cost.
With this app whether you have to make payments to the value of Re. 1 or if you are splitting a bill with friends on an outing, Citrus Pay’s new service is all set to make this as easy as simply pressing a button.
The idea:
There are numerous scenarios in our everyday lives where the lack of small change/ small amount of cash leads to unnecessary heartburn. Plus the pain of carrying all those notes and coins in a wallet is a burden too! That’s where the idea for this app germinated for Citrus Pay. To design an app which would make everybody’s life from a student’s to a canteen walah much simpler.
Another aspect was that since, by 30th March, using pre-2005 notes including Rs. 500 and 1000 can become a hassle and such a thing may again happen in the future when other notes go out of circulation. Hence, Citrus Pay’s new application will not only save this hassle but all other hassles currently faced while making payments.
How this Works:
The consumer can sign up at citruspay.com for an account or download the Citrus app from the Google Play Store and load a amount of their choice via a credit card, debit card, or directly from their bank. This app will enable the user to transfer money to friends, colleagues, and family members in just a few seconds. Amounts can be from as little as Re.1 to up to Rs. 10, 000.
App’s Functionality:
Send Money: User can return borrowed money to friends, pay shared bills etc.
Request Money: Users can ask friends who borrowed money or for whom they paid to return the amount, or request friends to lend money.
Transfer Money: The application not only lets the user load money and use it for various payments but also allows the user to transfer it to his specified bank account at anytime.
Payment History: It allows the user to view all his past transactions to keep a track of his spend patterns.
Load Money: User can load up to a maximum of Rs. 10,000 to his wallet. He can then use this money for payments at various places, pay friends etc.
Experience the App: https://play.google.com/store/apps/details?id=com.citrus.citruspay&hl=en
Speaking at the launch of the ‘Death of Chutta’ app, 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.”
The cash in the Citrus application can be loaded with a Debit/Credit card or through Net Banking. Once the money is loaded, it will take just couple of seconds and a single password to make a financial transaction between two individuals anywhere in India, even if the recipient is not a Citrus account holder.
“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.” said Jitendra Gupta, CEO/Founder, Citrus Payment Solutions Pvt. Ltd.
About Citrus Pay
Citrus was founded in 2011 by a group of software design and finance professionals who saw space for simplification and innovation in the world of payments in Asia.
This has resulted in the company building three business lines – payment processing (including Netbanking, Cards, EMI, COD and rules engines), enterprise payment SaaS solutions (success rate optimization, multi-platform payments, analytics) and consumer payment services (online/mobile e-wallet and p2p payments).
In addition to handling various payment modes seamlessly across devices, Citrus provides innovative solutions for emerging market problems, such as unreliable infrastructure that results in lower success rates and consumer dissatisfaction. It is also in the forefront of the Asian mobile ecommerce revolution in payments to tackle the unique needs of these markets, and boasts of marquee customer names in its portfolio.
Citrus solutions power Android applications, iOS applications, Windows applications, and responsive web checkout systems for a 1000 plus merchants. Its customers include Indigo Airlines, Airtel, Sun Direct, Shine, Reliance Entertainment, Abhi Bus, Zivame, EasyCabs, Delhi Metro, Delhi Jal Board, DDA, and Healthkart
