ICICI Bank enters 'FinTech' space, launches 'iMobile Pay' app
Mumbai
07-December-2020

Private lender ICICI Bank on Monday entered the 'FinTech' space by launching 'iMobile Pay' app which offers payments and banking services to customers of any bank.
Besides, the users of 'iMobile Pay' could also transfer money to any bank account, payment app and digital wallet.
"Another prominent feature of 'iMobile Pay' is 'pay to contacts' which enables users to automatically see the UPI IDs of their phonebook contacts registered on the ICICI Bank UPI ID network of any payment app and digital wallet," the lender said in a statement.
"This unique functionality provides users a significant convenience of inter-operability as they no longer have to remember the UPI IDs and could easily transfer money across payment app and digital wallet."
The mobile application extends the ambit of mobile banking apps which are hitherto restricted to only the customers of respective banks.
"At the same time 'iMobile Pay' eliminates the need to maintain multiple apps -- be it payments or banking -- as it empowers customers to undertake all transactions. In the process it also offers compelling reasons for users to link their multiple bank accounts to this app," the statement said. - IANS
More Headlines
IB Officer Who Died By Suicide In Kerala Was In Relationship With Colleague, Says Father
Karti Chidambaram Meets PM Modi, Proposes National Task Force To Tackle Stray Dog Issue
7.7 Magnitude Earthquake in Myanmar Leaves 20 Dead
7.7 Magnitude Earthquake Strikes Myanmar, Tremors Felt in Thailand, India
Mamata Banerjee Says She 'Differs' With India Being Largest Economy, BJP Confronts
IB Officer Who Died By Suicide In Kerala Was In Relationship With Colleague, Says Father
Karti Chidambaram Meets PM Modi, Proposes National Task Force To Tackle Stray Dog Issue
7.7 Magnitude Earthquake in Myanmar Leaves 20 Dead
7.7 Magnitude Earthquake Strikes Myanmar, Tremors Felt in Thailand, India
Mamata Banerjee Says She 'Differs' With India Being Largest Economy, BJP Confronts