ICICI Bank says iMobile Pay app used by two million customers of other banks

ICICI Bank claimed that more than two million customers of other banks are now using the revamped version of iMobile Pay, its mobile banking app.

The Indian private lender said that the milestone has been achieved in just five months after making the mobile banking app available to all, including customers of other banks.

The ICICI iMobile Pay app has features such as ‘pay to contact’, ‘scan to pay’, bill payments, and others.

The mobile banking platform was opened to customers of all banks by ICICI Bank in December 2020. The private lender said that its first-in-the-industry initiative has provided the convenience of interoperability by enabling users of any bank to link their accounts to iMobile Pay and start making payments or transactions digitally.

ICICI Bank says iMobile Pay app used by two million customers of other banks. Photo courtesy: Sumedh/Wikipedia.org.

The ICICI iMobile Pay app also provided the users access to a full range of ICICI bank services such as savings account, credit card, home loan, and personal loan from the comfort of their homes.

Bijith Bhaskar – Head – Digital Channels and Partnership, ICICI Bank said: “ICICI Bank has always believed in introducing innovations that simplify banking for customers. In line with this philosophy, the Bank was the first to introduce a mobile banking app in the country in 2008, called ‘iMobile’.

“The Bank has transformed the app and renamed it ‘iMobile Pay’ five months ago to offer interoperability so that anyone, including customers of other banks, can experience the benefits of hassle-free payments and digital banking of ICICI Bank through this app. This was made possible by leveraging NPCI’s interoperable infrastructure.”