{"id":5133,"date":"2024-04-30T06:41:30","date_gmt":"2024-04-30T06:41:30","guid":{"rendered":"https:\/\/zv3d.wpengine.com\/us\/?p=5133"},"modified":"2025-01-29T15:13:17","modified_gmt":"2025-01-29T09:43:17","slug":"hdfc-banks-payzapp-wins-payment-innovation-award","status":"publish","type":"post","link":"https:\/\/www.zeta.tech\/us\/resources\/blog\/hdfc-banks-payzapp-wins-payment-innovation-award\/","title":{"rendered":"HDFC Bank\u2019s PayZapp, Powered by Zeta, Wins Celent’s Payments Innovation Award"},"content":{"rendered":"

We\u2019re proud to announce that our valued partner, HDFC Bank, has won the prestigious Celent Model Bank Award 2024 for its PayZapp mobile application.<\/p>\n

PayZapp is\u00a0jointly developed by Zeta and HDFC Bank, a global top-10 bank, leveraging Zeta\u2019s next-gen processing platform, Zeta Tachyon,<\/strong> and its bespoke engineering offering, Zeta Studios<\/strong>. Since its launch in March 2023, PayZapp has rapidly acquired 7+ million customers<\/strong> and has been rated by nearly half a million customers with ratings of 4.8 on iOS<\/strong> and 4.3 on Android<\/strong>, making it a top-rated app in the Finance section on the Indian app stores.\u00a0Celent has published a case study titled HDFC Bank: Connecting Legacy and Innovation with PayZapp<\/strong><\/a>, highlighting the winning aspects of the initiative.<\/p>\n

Ravi Santhanam received the award on behalf of HDFC Bank with the following quote:<\/p>\n

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\u201cCelent\u2019s recognition is a testament to our commitment to delivering world-class digital banking solutions that meet the evolving needs of our customers. PayZapp is a critical pillar of our digital transformation journey and a testament to the power of a modern customer experience built on a next-gen, cloud-native issuer processing stack.\u201d<\/p>\n

-Ravi Santhanam,<\/strong> Group Head, Chief Marketing Officer & Head \u2013 Direct to Consumer Business, HDFC Bank<\/p>\n<\/div>\n

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Zil Bareisis from Celent commended HDFC Bank on their success:<\/p>\n

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\u201cHDFC has demonstrated strong leadership by taking its competitors head-on and delivering a bank version of an innovative payments superapp with powerful features and a seamless and intuitive user experience. Executive sponsorship at the highest levels and a true partnership with an innovative and modern technology provider like Zeta enabled the bank to achieve successful outcomes.\u201d<\/p>\n

-Zil Bareisis,<\/strong> Head of Retail Banking and Payments, Celent<\/p>\n<\/div>\n

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Celent’s annual Model Bank Awards celebrate and acknowledge the best practices in technology usage in banking. PayZapp is one of the 18 winners<\/strong> from 140+ nominations<\/strong> from 36 countries<\/strong> around the world. The awards are highly coveted and nominations undergo a rigorous evaluation process. The judging criteria include demonstrable business benefits, the level of innovation relative to the industry, and technology excellence.<\/p>\n

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\u201cZeta is honored to have played a pivotal role in PayZapp\u2019s success. A Zeta Studio, in partnership with HDFC Bank\u2019s talented and visionary teams, has delivered unparalleled payment choice for Indian consumers. HDFC Bank\u2019s customers can choose whether to pay using their account using UPI, debit cards or credit cards, without having to switch multiple apps.\u201d<\/p>\n

-Ramki Gaddipati,<\/strong> CTO and Co-Founder, Zeta<\/p>\n<\/div>\n

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Three things you must know about HDFC Bank’s award-winning PayZapp:<\/p>\n