AntPay: Wallet, BillPay & more 3.8.1

AntPay is a comprehensive financial application developed by Antworks, designed to address the everyday banking and financial needs of users with a focus on ease of use. As a fully Indian app, it aims to facilitate digital banking and financial services for its users throughout the country.

The platform includes a range of features such as zero-balance virtual accounts, mini accounts (wallets), loans, credit cards, insurance options, investments, utility bill payments, phone recharges, credit card payments, and insurance premium solutions. This array of products positions AntPay as a versatile tool for managing personal finances.

In addition to its core services, AntPay partners with over 100 online e-commerce platforms to provide users with attractive offers. It stands out in the lending space by collaborating with more than 20 lending partners to offer unique loan solutions.

One of the key offerings is the Mini Account (Wallet) service powered by PayU, which provides hassle-free activation and access to a wide range of benefits across over 200 brands. Key features include:

• Activation of a lifetime zero-balance Mini Account
• Seamless fund transfers between accounts and wallets
• The ability to send or receive funds using any mobile number
• Ordering a physical debit card tied to the AntPay wallet
• Recharging prepaid mobile numbers for major providers such as Jio, Airtel, and VIL
• DTH recharges for Tata Sky and Airtel Digital TV
• Facilitating rent payments
• Payment options for Visa & MasterCard credit card bills
• Utility bill payments for various services including electricity and water
• Insurance premium payments for life, health, and motor insurance
• Consolidated EMI payments through partnerships with over 50 banks and NBFCs

AntPay also provides easy and quick loan solutions tailored to diverse needs:

• Loan amounts range from ₹10,000 to ₹10 lakh for tenures between 3-60 months
• Annual percentage rate (APR) varies from 10.5%-48% on a monthly reducing basis
• Processing fees range from 0-6%
• Please note that personal loans are available exclusively to Indian citizens within India
• Lending partnerships include entities like Antworks P2P Financing Pvt Ltd and Ugro Capital Limited

The insurance solutions offered aim to mitigate financial uncertainties:

• Car insurance for damage and third-party liability with providers such as HDFC Ergo
• A variety of health insurance plans tailored to cover medical expenses
• Life insurance policies designed to secure the future of beneficiaries

Investment options are also available:

• Liquid funds that allow for growth while maintaining liquidity
• P2P investment opportunities with potential earnings of up to 24% per annum
• Access to rated corporate deposits and NCDs issued by banks and NBFCs

The AntPay Club offers users an opportunity to earn rewards while spending:

• Membership in the exclusive AntPay Reward Club with exciting promotions available
• Earning AntPay coins on purchases which can be converted into coupons

Please note that certain permissions are required for full functionality:

• Phone number validation via SMS for registration
• Location access for e-commerce services under ONDC guidelines
• Contact information for sending money and recharging purposes
• Camera access for KYC video verification
• Storage access for profile picture management
• User accounts can auto-fill email addresses during registration
• Call permissions may be required to determine SIM card type for user convenience
• Microphone access is necessary for KYC video verification procedures.

The breadth of services and features offered by AntPay sets it apart in the digital banking space, catering effectively to its user base.