ICICI Bank – Please activate Contactless Payment Solutions for all cards through iMobile Pay

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 ICICI Bank – Please activate Contactless Payment Solutions for all cards through iMobile Pay

 


            ICICI Bank vide Press Release dt. October 6, 2021 informed to its customers that it is enabling ‘contactless payment solutions’, on iMobile Pay

            This is a 3-way partnership between ICICI Bank, Visa and Comviva

            The minimum requirements for customers to avail this facility is: -

01) iMobile Login ID

02) ICICI Bank Credit Card

03) ICICI Bank Debit Card

04) NFC enabled smartphone

05) OS – Android 6 and above

Once customers register their credit/debit cards on iMobile App, they can start using this facility at all NFC enables POS Terminals

            Customers wishing to pay, have to open the iMobile App, choose from the stored credit / debit card and complete the transaction.

            Depending on the transaction amount, the payment will be complete Contactless or Contactless + Pin.

 

            ICICI Bank – It is time to look beyond your own customers to encourage Safe ePayments.

            I see 7 benefits from this

 

Benefit 01) It will widen the customer base

Benefit 02) Customer’s can see all their card transactions in one app itself.

Benefit 03) Customers need not open multiple apps to complete contactless transactions

Benefit 04) Transactions via Bharat QR may zoom, as customers will be able to pay through their Credit Card at Bharat QR acceptance outlets

Benefit 05) Card holders will get an opportunity to explore other features of iMobile App

Benefit 06) This will increase customer’s stickiness

Benefit 07) This will increase brand visibility

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments.

 

Read the full press release - ICICI Bank launches contactless payment solution through iMobile Pay @ https://www.icicibank.com/aboutus/article.page?identifier=news-icici-bank-launches-contactless-payment-solution-through-imobile-pay-20210610134840172

 

Press Release Summary - 

·         Customers can tap their NFC enabled Android smartphones to pay at merchant outlets

·         Over 1.5 crore debit and credit card customers to benefit from this service

 

 

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