ICICI bank hits 1 lakh registrations on UPI app


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.

“UPI is a path-breaking concept which will enable convenient person-to-person and merchant payments using mobile phones. It is the first time in the world that a project of such a scale is being introduced to customers. We intend to continue exploring more such potential partnerships which will go a long way in popularising the usage of UPI,” said Chanda Kochchar, MD and CEO, ICICI Bank.
UPI is available on two of the ICICI Bank’s customer facing mobile banking applications – ‘Pockets’ and ‘iMobile’. Anyone, including non-ICICI Bank customers can access UPI by creating their VPA on ‘Pockets’.

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’.

1 Comment on "ICICI bank hits 1 lakh registrations on UPI app"

  1. its a good indian private bANK

Leave a comment

Your email address will not be published.