HDFC Bank to launch revamped payments, banking application soon

To take on Google Pay, PhonePe with new PayZapp

HDFC Bank, India’s largest private sector lender, will soon be launching its revamped mobile and internet banking platforms, besides a “better version” of its payments application — PayZapp, people aware of the development told Business Standard.

These launches are part of the bank’s Digital 2.0 initiative, with the payments app aimed at directly competing with PhonePe and Google Pay – the top two third-party application providers (TPAPs) in the Unified Payments Interface (UPI) space.

The bank is transforming its technology architecture by making it more cloud native so that it can be scaled on demand. “We will soon introduce a better version