Country’s largest private sector lender ICICI Bank announced that it has reached the milestone of registering one lakh virtual payment addresses (VPA) on Unified Payments Interface (UPI), within three weeks of its launch.
Further to enhance the usage of UPI, the bank has also announced partnership with Aditya Birla Fashion and Retail Limited (ABFRL) and Hindustan Petroleum Corporation Limited (HPCL) to offer UPI based payments at its retail outlets, making it the largest forthcoming deployment of in-store payments using UPI.
ICICI Bank said customers of any bank who have created their VPA on ‘Pockets’ as well as ICICI Bank customers using ‘iMobile’ can soon pay using their smartphone at over 6,500 HPCL petrol pumps and more than 2,000 stores of ABFRL across the country.
ABFRL’s network includes brands like Louis Philippe, Peter England, Van Heusen, Allen Solly, Planet Fashion and Linen Club among others.
They can also link their bank accounts with other banks (who are also on UPI) and make payments from that account as well using their VPA on ‘Pockets’.
Additionally, ICICI Bank’s customers can access UPI on ‘iMobile’.