Chillr allows HDFC Bank customers in India to instantly transfer money to any contact in their phonebook 24 hours a day, seven days a week. While customers of any bank can receive money, Chillr has tied up with HDFC Bank to allow sending as well as receiving money over the platform.

Chillr, a colloquial term for loose change, arrived on Windows Phone a few months ago and the latest update that arrived earlier this week bumps the app to v1.15.1.0.

With Chillr, customers no longer have to ask for account information and follow the process to add beneficiaries if they wish to transfer money. All you need to do is choose the recipient from your list of Chillr contacts, enter the amount to be transferred and a message for the recipient, and enter your secret M-PIN before pressing the pay button. The recipient will instantly receive money in his/her bank account.

The latest update includes a lot of bug fixes and performance improvements and some nice improvements in the design and user experience of the app. Chillr now offers the ability to make dynamic utility payments and also introduces an integrated notification hub for reading incoming notifications.

Chillr is a neat IMPS (Immediate Payment Service) implementation that works pretty well without any OTP requirements or such. If you are an HDFC Bank customer, give Chillr a whirl. It's a pretty good app and eliminates the need for third-party virtual wallets since the app is linked directly to the customer's bank account. Let us know how you like it.

QR: Chillr