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ICICI Bank Enables UPI Payments in India for NRI Customers: ICICI Bank has introduced a groundbreaking feature that enables non-resident Indian (NRI) customers to use Unified Payments Interface (UPI) transactions in India using their international mobile numbers. This innovative solution eliminates the need for NRIs to register an Indian mobile number with their accounts, enhancing convenience and streamlining Digital Payments.
Streamlining NRI Payments
Previously, NRIs faced challenges in accessing UPI services as they were required to link an Indian mobile number to their accounts. With ICICI Bank’s new offering, NRIs can now utilize their International Mobile Numbers registered with their accounts for seamless UPI transactions, making their digital payments experience hassle-free.
Activation Process
The activation process for UPI using international mobile numbers is simple and user-friendly. NRIs can activate UPI through the iMobile Pay app by verifying their mobile number, creating a UPI ID, and selecting their account number. This process eliminates the need for NRIs to switch to an Indian mobile number, making transactions more accessible.
Empowering Global Transactions
Siddhartha Mishra, Head of Digital Channels and Partnerships at ICICI Bank, emphasized the bank’s commitment to leveraging the UPI infrastructure provided by the National Payments Corporation of India (NPCI) to enhance global digital payments. This initiative marks a significant step towards facilitating seamless financial transactions for NRIs and promoting wider adoption of UPIs across international borders.
Benefits for NRI Customers
ICICI Bank‘s initiative significantly enhances the convenience of everyday payments for NRI customers. With this facility, NRI customers can easily make payments for utility bills, merchant transactions, and e-commerce purchases using their international mobile numbers, without the hassle of managing an Indian mobile number.
Conclusion
ICICI Bank’s introduction of UPI for NRIs using international mobile numbers reflects its commitment to innovation and customer-centric solutions. By enabling NRIs to access UPI services seamlessly, the bank is empowering global transactions and enhancing the digital payment experience for its customers. This initiative is expected to drive greater adoption of UPI among NRIs and contribute to the growth of digital payments in India and beyond.
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