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Universal Times Magazine > Blog > Banking > ICICI Bank Launches ‘I Mobile Pay’: India’s 1st App That Provides Banking Services For All customer
Banking

ICICI Bank Launches ‘I Mobile Pay’: India’s 1st App That Provides Banking Services For All customer

Gaurav Verma
Last updated: 2020/12/07 at 8:32 PM
Gaurav Verma
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ICICI Bank launched ‘iMobile Pay’ – a mobile banking app that provides payments and banking services to customers of any bank.

Contents
FeaturesHow to avail this service?Comment from Executive DirectorComment from NPCI

Features

The app offers a unique combination of facilities of a payment app such as enabling customers to pay to any UPI (Unified Payments Interface) ID or merchants, pay bills and do online recharges among others.

The users of ‘iMobile Pay’ can also transfer money to any bank account, payment app and digital wallet. 

Another feature of ‘iMobile Pay’ is ‘pay to contacts’ which enable users to automatically see the UPI IDs of their phone book contacts, registered on the ICICI BankUPI ID network, of any payment app and digital wallet.

How to avail this service?

To avail the Services of ‘iMobile Pay’, customers of any bank in the country can download the app, instantly link their bank accounts and generate a UPI ID to avail all the facilities.

Comment from Executive Director

Anup Bagchi, “Now on, customers of any bank can experience the ease, speed and safety of our mobile banking app.

They can link all their bank accounts to this app.

It means they can continue to bank with any bank and still use ‘iMobile Pay’ for all their digital transactions.

Also, they can undertake all transactions, which they were so far doing through a gamut of payments app, through this app.

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We believe that users will like this innovation as it offers them the unique benefit of payment apps and banking apps in one single place.”

Comment from NPCI

National Payment Corporation of India (NPCI)

Dilip Asbe, MD & CEO,  “We are delighted to facilitate ICICI Bank in transforming its mobile banking app empowered with UPI and interoperable with all other UPI based payment apps.

This is yet another initiative that will inspire the ecosystem to integrate interoperability on digital platforms.”

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Gaurav Verma December 7, 2020 December 7, 2020
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