Icici registers one million users from other banks for mobile payments super app
India’s Icici Bank says one million customers of other banks have started using its iMobile Pay app just three months after it opened up the service to the general consumer marketplace.
Bijith Bhaskar, head, digital channels & partnership at Icici, comments: “We are humbled to see that one million customers of other banks have started using our app which offers many industry-first, advanced features. We anticipate that the number of new-to-bank customers using ‘iMobile Pay’ will double in two months as it is registering wide interest from across the country.“
The most used feature by new users is the ‘Pay top Contacts’ functionality, says Bhaskar, which transfers money either to a mobile number or a UPI ID of friends and relations. Other services such as ‘Scan to Pay’, ‘Check Balance’ and ‘Bill Payments’ have also seen a big uptake.
Read More: Icici registers one million users from other banks for mobile payments super app