Send and Receive money among Facebook Friends : KAYPAY :Kotak Mahindra Bank

Kotak Mahindra Bank has started Fund transfer between Facebook Friend.All you need to have a Facebook account and a BANK account. User need to register on http://www.kaypay.com using Facebook account
Follow this step to transfer fund within your Facebook friend

1)Log-in using Facebook account
2)Search for the Kaypay app and click to reach the launch page of the app
Agree to the terms & conditions laid by Kotak Mahindra Bank for using the app and ‘Allow’ it to access your Facebook profile content
3)Take the next step to register your bank account
Once the registration process is complete, you can easily transfer money to your Facebook friends
Steps for transferring money:
1) A friend from your Facebook list, to whom you wish to transfer the money
2) Select your account from which you want to transfer funds. If you have more than one account, your default account number will be pre-populated
3) Enter the desired amount
4) You can choose to add a message for your friend
5) Enter the One Time Password, click here to know how to generate an OTP
6) Confirm the transaction
You can transfer funds to anyone on your Facebook friend list.All your unregistered friends will get a Facebook notification informing them of the money transfer. They will have to register their bank account with Kaypay in which they want to receive the money. If they don’t register within 48 hours, the money will be credited to your account.There is no Charges for FUND Transfer as of now.

Limits For Sender(in Rs) For Recipient (in Rs)
Daily               2500                      25000
Monthly       25000              25000

Soon Send and Receive money via Facebook Messenger

Soon you should be able to send your friends money in a message, similar to the way you send them a photograph. New reports suggest Facebook has built a fund transfer feature right into its Messenger app, and just has to turn on the feature which was unearthed by a novel hack.

Andrew Aude, a computer science student at Stanford, used IOS app exploration developer tool Cycript to turn on the feature. The new feature in Messenger will allow users to add a debit card in Messenger, or use the one they’ve already linked to their Facebook account in the past.

Facebook hasn’t turned on the feature yet, but has already built in security measures that will be required for secure in-app payments. The payment feature has propped up soon after David Marcus, former President of PayPal, took over as head of Messenger at the social network giant.

However, it’s now clear why  Facebook is looking to take on apps like Venmo, PayPal, Square Cash and other peer-to-peer money transfer apps. The company believes that the payments feature will help make Messenger successful, helping people share with each other and interact with businesses.

Facebook Messenger started FREE Voice call in INDIA

IN India who are using Facebook Messenger app on Android and iOS platforms have facility to  make calls for free. This call is applicable to make voice calls to anyone on their friend list.

Facebook upgraded its Messenger app by adding a “free call” button in the app available for smartphones based on android and iOS platforms. Earlier service was introduced in US and Canada, almost a year ago and is now available in India.