ICICI Debit Card

News About ICICI Bank Debit Cards

• ICICI Bank to vend rail tickets on their site

  ICICI Bank has partnered with the Indian Railway’s e-ticketing portal, IRCTC, to vend rail tickets via its official website. As the biggest private sector bank in country, this move is expected of them. And according to the press release, they will soon launch the feature to reserve train tickets on its mobile banking app and prepaid digital wallet. The account holders will have to register themselves on the website of the IRCTC first, which is where Railways predominantly sells train tickets. Once that is done, perform a one-time registering on ICICI bank’s website to make use of this feature. The press release mentioned that the feature is not restricted to ICICI clients alone. Even if you are not an ICICI bank customer, you can avail this. The disbursements for the ticket purchases can be done using internet banking, or credit/ debit card of any bank. People can look for trains, reserve/ cancel e-tickets or check PNR status from this platform.

  

  3rd January 2016

• TigerAir ties with ICICI Bank

  And starts off with a bang with exclusive holiday offer!

  TigerAir, one of the premier airline carrier based in Singapore, has entered partnership with ICICI Bank to provide their sizable clientele a free one way ticket to Singapore on acquisition of round trips. Every prepaid, credit and debit card user of the bank can avail this exemplary offer, which will be available from 21st December 2015 until 3rd January 2016 for travelling from 17th January 2016 to 15th April 2006. The complimentary trip does not include airport taxes and other fees and is suitable for flights taking off from cities like Bangalore, Chennai, Hyderabad, Cochin, Trichy and Lucknow. Mr. Teh Yik Chuan, Director of Sales and Marketing of TigerAir in Singapore, is positive about this development. Since the beginning of TigerAir’s business in India, it has always strived to offer the best and reasonable fares to their Indian customers. As a popular vacation spot for Indians, this offer is sure to meet with success.

  

  20th December 2015

• Paytm associates with ICICI Bank to introduce virtual prepaid debit cards

  Mobile payments and commerce marketplace Paytm is joining hands with ICICI Bank, to provide virtual prepaid cards to those who use the wallet. It can be utilized for online and offline shopping and payments. This is truly a huge deal as it is the first partnership in India between a bank and an online retailer. This will facilitate the Paytm users to recharge their digital wallets at any ICICI Bank branch via cash or cheque. It accepts MasterCard, RuPay & Visa and is a 16-digit, Paytm-ICICI Bank co-branded cybernetic prepaid card that can be used at any mercantile. Indian banks have comprehended that they cannot ignore the growing popularity and expediency of mobile payment platform. Equipped with the virtual card Paytm people can also shop on competing e-commerce portals like Amazon and use the same card. The added service of stocking money into Paytm Wallets at more than 4000 ICICI Bank branches is yet another step to promote the trend of electronic disbursements in India.

  

  3rd December 2015

• ICICI Bank vends in fine fettle on BSE

  ICICI Bank is presently transacting at INR 269.50, up by 5.10 points or 1.93 percent from its preceding closing of INR 264.40 on the BSE. The scrip started at INR 265.15 and has touched a high and low of INR 270.15 and INR 264.55 in that order. Until now, 463472 stocks were merchandized on the counter. The BSE group 'A' stock of face worth INR Two has crossed a 52 week high of INR 393.30 on 28th January 2015 and a 52 week low of INR 248 on 7th September 2015.

  In the previous week alone, the low and high of the scrip were at INR 260 and INR 270 correspondingly. The prevalent market cap of the organization is INR 156244.54 crore. The Institutions and Non-Institutions possessed 61.97 percent and 8.99 percent respectively. ICICI Bank has recently entered a Memorandum of Understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company (APEPDCL) to enable a quick and easy payment of utility (electricity) bills online. The bank has introduced the feature under the name ‘ICICI Bank- Eazy Pay’ on its official website and it can also be hyperlinked to that of APEPDCL. All you need to do is get registered and pay using any of the payment mode options given there such as credit card, internet banking, debit card or NEFT/ RTGS transaction.

  

  28th November 2015

• An MoU between ICICI Bank and APEPDCL to kick start online bill payment service

  Pay in one click!

  ICICI Bank has entered a Memorandum of Understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to inaugurate online utility bill collection for the clients of APEPDCL. This facility, called as ICICI Bank-Eazy Pay, will empower everyone comprising those who do not have accounts with ICICI Bank to pay their electricity bills online on the website of APEPDCL. The consumers can do this by utilizing any of the payment channel listed on the page such as credit card, ICICI Bank debit card, internet banking or NEFT/ RTGS transaction. As the first Indian bank to sign such an agreement, ICICI hopes to reach 5.2 million people, extended to at least five districts in Andhra Pradesh. This is along the lines of ICICI Bank's idea of 'khayaal aapka' wherein they put the convenience of customers before anything.

  

  27th November 2015

• ICICI Bank signs MoU with Andhra Pradesh’ DisCom

  ICICI Bank, India’s top private sector bank, has contracted a Memorandum of Understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company Limited (APEPDCL), also called as DisCom, to enable the online payment of utility bills such as gas bill, electricity bill, water bill etc. The bank has introduced this feature recently and has christened it ICICI Bank-Eazy Pay as endorsed on their official website. It could be hyperlinked to the APEPDCL website as well. You can easily settle your bills online by logging into it. You can opt to pay by your credit card, debit card, internet banking or NEFT transaction. As the MD and Chairman of APEPDCL, Mr. R. Mutiyala Raju, this feature can be used by every one of the 5.2 million customers of Discom.

  

  26th November 2015

• How ICICI emerged as the champion of mobile banking

  Mobile has never been a preferred medium of banking in our country as it is now. And ICICI, India’s top private bank, has rightfully arose as the undeniable groundbreaker as per the records of the previous quarter. With the maximum number of fund transfers worth more than INR 6800 crores and a whopping 53.2 lacs transactions, it not only tops among private sector banks, but has achieved twice what has been achieved by the next listed bank. RBI has reported an INR 16,000 crore worth of transactions by the bank in the current financial year alone.

  So what are the causes that led to this achievement for the two decade old bank? Firstly it launched iMobile, a customizable app, which was an immediate success. As of now ICICI boasts of around 125 services on the mobile banking app. After that they also introduced Pockets, a digital banking app. You can use your debit card to handle any kind of transactions using these apps.

  

  4th November 2015

• ICICI Bank introduces mobile payment service via mVisa

  ICICI Bank, country’s top private sector bank, has declared the introduction of a unique service that facilitates users to disburse bills and other payments electronically using their smartphones at regular stores, e-commerce portals, home deliveries, cab fares, utility bills and more. To begin with, this feature, based on ‘mVisa’, has been initiated in Bangalore with over 1500 traders and dealers. The bank informed that it will soon extend it to more regions. And as ICICI Bank reiterated it is the first bank internationally to inaugurate a mobile app based 'mVisa' solution for customers and traders alike. Through this, the consumers can make cashless disbursements with their debit cards with the convenience of speed to perform a transaction along with enhanced security as the card remains in possession of the customer. This solution is expected to set off a revolution in the implementation of electronic payments in India.

  

  8th October 2015

• Card-less mVisa – a new ICICI initiative

  ICICI Bank has honored itself by being the first financial institution globally to introduce mVisa, which is a card-less and device-less solution almost every payment firm is gambling on in the mobile platform. It is fashioned by VISA International for the bank. ICICI Bank has integrated the mVisa app in its very own Pockets app, allowing payments to be done by verifying a static QR code and putting in the sum. Since this is a zero-investment product, customers (mostly traders) are quick to laud it. You just have to maintain a QR code in print that must be put under the scanner of the Pockets app. After that, you simply enter the required amount and the PIN to get cash transferred to the relevant account immediately. There is one vital dissimilarity between debit card disbursement and that of mVisa though. The latter has lesser chances of fraudulence as customer puts in the info and initiates the transaction.

  

  3rd October 2015

• Vodafone’s tie-up with ICICI Bank to give an Early Start in Payment Banking

  Vodafone is one among the 11 entities to have received an in-principle approval from Reserve Bank of India to operate Payment banks. Vodafone has partnered with ICICI Bank for M-Pesa, a mobile money transfer service. Payment Banks can take deposits up to Rs.1 lakh and issue debit cards to customers. However, payment banks cannot offer loans or issue credit cards. Vodafone plans to tie-up with various financial institutions to offer pension, loans, insurance and micro investment services which it can not do alone as per the rules of payment bank license. This partnership will enable better marketing of its products and will also help tap into the M-Pesa customer base. Vodafone also plans to open savings bank account which will take away the need for ICICI bank accounts to be linked with M-Pesa. As Vodafone faces tough competition from other entities like Aditya Birla Group, Reliance Industries and Paytm, this partnership with ICICI is expected to give a head start as far as payment banks are concerned.

  

  25th September 2015

• India’s first robotic locker introduced by ICICI

  ICICI Bank Ltd inaugurated India’s first automatic locker system for New Delhi clients. It is a round-the-clock vault facility and will work on technology that doesn’t require human support at all. This is quite innovative in the way it used biometric identification as well as debit card and individual credential number to give access to customers to use their lockers. These info must be entered for a second time once inside the kiosk too. Then the robotic arm of the will automatically open for access. This was introduced at an ICICI branch in Defence Colony. It is a matter of pride that 80 percent of the mechanisms used to develop this are produced in India.

  

  20th August 2015

• ICICI ‘Unifare’ Debit Cards: Travelling, Withdrawing Cash and Shopping Juxtaposed

  Quite a few banks and transport corporations across states have partnered up to offer cards that allow the user to use the same to transact at shops, travel by the buses/metro rail and even withdraw cash.

  ICICI ‘Unifare’ Debit Card is one of these smart cards that allow an account holder such privileges through the team up of ICICI Bank and Bangalore Metropolitan Railway Corporation Limited (BMRCL) and Delhi Metro Rail Corporation (DMRC). These cards reportedly come with NFC (Near Field Communication) technology and offer a host of benefits like trading reward points for free metro rides, 15% discount on metro fare, conditional fuel surcharge waiver and discounts on dining.

  With over 22 million registered merchants and ability to withdraw cash from ATMs, these cards are being used for nearly 80% of all the trips in Delhi metro. A rising acceptance and increased convenience factor might soon make such cards irreplaceable.

  

  8th July 2015