One million customers of other banks use “iMobile Pay” from ICICI Bank
Mumbai: The ICICI Bank announced today that one million customers of other banks are already using the new avatar of their “iMobile Pay” app. The bank did the feat in the shadows over three months after making iMobile Pay available to everyone, including those who aren’t its customers. With the encouraging response to this unique initiative that provides bank customers with interoperability, ICICI Bank expects the number to likely double in two months.
To start using ‘iMobile Pay’, customers of any bank can link their bank account to the app, generate a UPI ID and start paying to any UPI ID or merchant, pay bills, top up online and Transfer money to any bank account, payment app and digital wallet. In addition, among other banking services from ICICI Bank, they can open a savings account, apply for a home loan or a credit card.
Bijith Bhaskar, Head-Digital Channels & Partnership, ICICI Bank, commented on this success: “Three months ago we converted the app called ‘iMobile’ into ‘iMobile Pay’. The aim of this effort was to bring the benefits of seamless payments and digital banking services through our app to the customers of each bank. We made it possible by leveraging NPCI’s interoperable infrastructure. “
We are ashamed to see that a million other bank customers have started using our app, which offers many of the industry’s first, advanced features. We assume that the number of new customers using ‘iMobile Pay’ will double in two months, as there is great interest across the country. “
Users like the Pay to Contacts feature the most. The functionality allows users to send money to either a cell phone number or a UPI ID of their friends / contacts, any payment app or digital wallet. Hence, it provides significant convenience for users as they can easily transfer money through payment apps and digital wallets compared to the existing practice of requiring users to use a specific app to send money to a recipient with that app. The other services like ‘Scan to Pay’, ‘Check Balance’ and ‘Bill Payments’ have experienced maximum usage. The trends also show that features such as “track application status” for credit cards or loans, money transfers, and creating VPAs are also valued by users. You are also interested in the exciting offers from ICICI Bank.
Here are the main features of ‘iMobile Pay’:
Open to all: The unique and very important function of ‘iMobile Pay’ is that customers of all banks can download this app and experience fast transactions with first class security.
Payment app: It acts as a payment app, allowing customers to scan a QR code from any payment app and send money to any UPI ID, bank account, or themselves. It helps the users to instantly transfer the money to anyone for free. In addition, customers can use the app to pay at gas stations, grocery stores, restaurants, pharmacies, hospitals, multiplexes and many others. In addition, they can transfer funds to any bank account, payment app, or digital wallet.
Payment to contact: A very interesting feature of ‘iMobile Pay’ that allows users to send or receive money to / from their phone contacts. This made it as easy to pay someone as calling someone. The customer only has to select a contact to pay for and the contact’s linked payment apps appear on the screen. Customers can select their UPI ID, enter the amount and pay immediately to their contact.
Offers banking services: In addition to the payment services, “iMobile Pay” also enables customers to digitally and immediately open a savings account at ICICI Bank, apply for a credit card with no admission fee and receive immediate approval for home, personal or car loans.
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