Money transfer by facebook twitter and whatsapp know process
Just as the mobile number is registered in the bank, your social media account should also be registered in the bank account. Banks nowadays also register Facebook and Twitter accounts. You can do this work easily.
Technology has brought a big change in the banking sector. If you want to understand this, then look at the methods of 5-10 before and today. Earlier it was mandatory to go to the bank to send money. A long slip had to be filled. The cashier looked at him, then wrote something with a red-blue pen. Then your money would have been deposited. After this the facility of mobile banking and internet banking started. In this also came the era of NEFT and RTGS. The rush from the banks ended as the transaction work started from home. In this, a phase of social media has also come.
If we look at the changing world and changing trends, then the banking sector has adopted all those technologies with which a large number of people are connected. There is hardly anyone who does not know the name of Facebook and Twitter. Banks have also started taking advantage of this media. Now customers can also send money to each other through Facebook and Twitter.
How does it work
You will know about contact transfer. This is the way to transfer money on save contact number in mobile. In this the contact number of sender and receiver should be registered. If so, then the account number of the beneficiary is not required in this. If his number is registered in the bank, then money is transferred to his account in seconds. A similar system is also with regard to social media. The account details of the person whose money is to be sent through Facebook or Twitter are not required.
However, it has to be kept in mind that just as the mobile number is registered in the bank, in the same way your social media account should also be registered in the bank account. Banks nowadays also register Facebook and Twitter accounts. You can do this work easily. While sending money, an OTP will come on the sender’s mobile which will have to be entered. By doing this the money will be transferred in seconds. WhatsApp has also started such a facility.
New system of cici bank
CICI Bank has created two social media banking channels – Pocket for Facebook and ICICIbankpay for Twitter. On Pockets, customers can check balance checks, payments, prepaid recharge of mobile phones, book movie tickets and split group expenses. CICI Bank keeps updating its customer bank account balance through Facebook and encourages them to invest money in fixed deposits. Similarly, icicibankpay has been created for Twitter users. You can recharge DTH service here. You can recharge prepaid mobile by sending a direct message or DM from your Twitter handle.
What you have to do
For this you have to take 7 digit Mobile Money Identifier (MMID). Through this number, the facility of IMPS etc. is available. Each bank has its own unique MMID. This ID has to be registered with your mobile number. Now you have to download the app of Facebook or Twitter in mobile. Connect it to your mobile number with which your MMID is registered.
After this you have to sync all your contacts from Facebook and Twitter. Once the sync is complete, you will be able to send money to your contacts via Facebook or Twitter. Taking advantage of this facility, you can send 10,000 to 50,000 rupees.
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