Mumbai: ICICI Bank today announced the launch of a unique facility of linking a UPI (Unified Payments Interface) ID to its digital wallet ’Pockets’, marking a departure from the current practice that demands such IDs be linked with a savings bank account. New users, including those who are not customers of ICICI Bank, can now instantly get a UPI ID, which is automatically linked to ‘Pockets’. Further, customers who already have a UPI ID, will get a new ID when they log on to the ‘Pockets’ app. This initiative enables users to undertake small value everyday transactions directly from their ‘Pockets’ wallet using UPI in a safe and secure manner. It helps them to streamline the number of transactions being undertaken daily from their savings account and thus de-clutter their savings account statement of multiple entries. Further, it expands the convenient usage of UPI to young adults like college students, who may not have a savings account.
10 lakh customers of other banks using ICICI Bank’s mobile app
March 04, 2021
Private sector lender expects the number to double over the next two months
As many as 10 lakh customers of other banks are using ICICI Bank’s revamped mobile banking app - ‘iMobile Pay’ and the private sector lender expects the number to double over the next two months.
“The bank has achieved the feat in a shade over three months after it made ‘iMobile Pay’ open for all to use, including those who are not its customers. Going by the encouraging response received by this unique initiative that offers interoperability to bank customers, ICICI Bank anticipates that the number is likely to double in two months,” it said in a statement on Thursday.
The Instant Messaging application WhatsApp has finally rolled out WhatsApp s Payments (commonly known as WhatsApp Pay) feature to users across India for up to 20 million users. The feature has been launched with support from banking partners State Bank of India, HDFC, ICICI, and Axis Bank. According to Mashable, WhatsApp designed its payments feature on National Payments Corporation of India s (NPCI) Unified Payment Interface (UPI) system and was granted approvals to go live recently in November 2020 on a peer to peer (P2P) basis. It has enabled people to transfer money securely and easily, just like sending a message through WhatsApp.
WhatsApp Payments now live; SBI, HDFC, ICICI, Axis support feature through UPI
WhatsApp Payments aims to add to the growth of digital transactions in the country along the lines of the government s vision
BusinessToday.In | December 16, 2020 | Updated 12:39 IST
WhatsApp Payments now live
WhatsApp Payments is now available to around 20 million users in the country. The payments feature is being supported by State Bank of India, HDFC Bank, ICICI Bank and Axis Bank. The WhatsApp Payments feature designed on National Payments Corporation of India s (NPCI) Unified Payment Interface (UPI) system was granted approval to go live in November 2020 on a peer-to-peer basis. This means that users will be able to transfer money in a manner similar to sending messages.
WhatsApp Pay now live with four top banks in India mid-day.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mid-day.com Daily Mail and Mail on Sunday newspapers.