The growing popularity of smartphones and mobile apps is mainly due to the convenience of making payments online. People choose digital payments for it is quick, easy, and cashless. Studies revealed an increase in the volume of digital payments by 33 percent in the financial year 2021-22 in India. Other than individuals, businesses also use online payment methods to pay off their creditors. Salaries and commissions are paid online, as well as credit card and utility bills.
Most banks have launched their own banking apps that integrate with the popular payment apps like UPI or United Payment Interface to facilitate instant payments or transfer of funds. These apps help you pay for retail transactions at the point of sale (POS) or from anywhere online, mobile phone recharge, DTH connection, and EMI repayments. IDFC FIRST Bank offers you one of the best digital banking apps to help the users make payments safely, securely, and conveniently.
The latest version of the banking app is designed to have many advanced features that help check account balances, view bank statements, schedule payments for a later date, and receive alerts and notifications. The ebanking app of IDFC FIRST Bank helps you make instant digital payments in various methods like:
- Net banking
With the IDFC FIRST Bank mobile app, you can make quick payments or fund transfers through net banking. You can use any of your bank accounts to pay your utility or credit card bills. Some options to make payments include NEFT, IMPS, or RTGS by adding the payee’s name and account number, bank name, and IFSC Code. You can even use the ebanking service to schedule recurring payments before the due date and avoid penalties for late payments.
The app also allows you to register for an ‘Autopay’ facility by enabling the ‘Autopay future bills’ option.
- UPI Payments
Using the integrated UPI payment app is another method of making quick digital payments or peer-to-peer money transfers. The IDFC FIRST Bank mobile banking platform allows you to link your bank accounts to make payments by creating a unique UPI virtual address. It helps you pay your utility bills and recharge FASTag. Further, you can also schedule payments to pay on time and send reminders for payments you have to receive.
- Debit Card or Credit Card Payments
You can also use the debit card or credit card details to pay online. The IDFC FIRST Bank mobile app permits you to store your card details to make cashless payments. You can use a credit or debit card to shop online, transfer funds to another account, and pay at the POS. You can apply for a suitable debit card or credit card on the IDFC FIRST Bank mobile app. You can choose any of the Debit Cards and Credit Cards based on your eligibility:
As for Debit Cards, you can choose from the FIRST Select, FIRST Private, and FIRST Wealth. The other choices are Visa or RuPay Signature, Platinum, and Classic Debit Cards. They offer you several benefits like a free lounge access, cashback for early activation, complimentary insurance coverage, and enhanced ATM withdrawals.
The lifetime free Credit Cards from IDFC FIRST Bank include FIRST Millennia, FIRST Classic, FIRST Select, and FIRST Wealth. These cards offer benefits like lower interest rates, free ATM withdrawals, no annual fees, easy and convenient EMI repayments, and welcome vouchers.
With the QuickPay payment method, you can pay your utility bills instantly with no prior registration.
You can use the IDFC FIRST Bank mobile banking app to make quick digital payments in any of the above methods and save money and track spending.