New Delhi, May 6: ICICI Bank on Monday announced that it has enabled NRI (Non-Resident Indian) customers to use their international mobile number to make UPI payments instantly in India. This will allow the bank's NRI customers to make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account held with ICICI Bank in the country.
"This launch reinforces our commitment to provide our NRI customers with innovative solutions, for them to have a safe, secure and hassle-free payment experience," Sidharatha Mishra, Head - Digital Channels and Partnerships, ICICI Bank, said in a statement. Indian Government’s Electronic Component Manufacturing PLI To End Dependency on Foreign Suppliers, Contribute to ‘Atmanirbhar Bharat’ and Create Jobs.
To provide UPI facility to NRI customers, the bank partnered with the National Payments Corporation of India (NPCI). The bank will make this service available via its mobile banking app, iMobile Pay. Earlier, NRIs had to register an Indian mobile number with their banks to make UPI payments. Microsoft and Wipro Team Up To Launch Suite of GenAI-Powered Assistants for Financial Services.
"With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI," Mishra said. The bank offers this facility in the US, the UK, UAE, Canada, Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia. NRI customers of the bank can make UPI payments by scanning any Indian QR code, sending money to a UPI ID or any Indian mobile number or Indian bank account.
(The above story first appeared on LatestLY on May 06, 2024 08:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).