ICICI Bank enables UPI payments in India for NRI customers

Rate this post

ICICI Bank on Monday announced that it has enabled instant payment facility UPI for its non-resident Indian (NRI) customers in India through their international mobile numbers.

A bird flies past the facade of the ICICI bank head office in Mumbai.(Reuters)

According to the bank, this will significantly enhance convenience of making everyday payments.



“With this facility, the NRI customers of the bank can 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 India,” a statement released here by the bank said.

According to the statement, the bank has made this service available through its mobile banking app iMobile Pay.

Earlier, NRIs had to register an Indian mobile number with their bank accounts to make UPI payments across 10 countries, namely, the USA, 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, send money to a UPI ID or any Indian mobile number or Indian bank account.

“With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI,” Siddhartha Mishra, Head – of Digital Channels and Partnerships, ICICI Bank, said.

According to him, with this initiative, the bank intends to leverage on NPCI’s UPI (Unified Payments Interface) infrastructure in “strengthening and transforming the digital payments ecosystem globally”.

Source link

Visit www.cagurujiclasses.com for practical courses




Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Disclaimer:- The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Leave a Comment