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    ICICI Bank

    News stories featuring ICICI Bank:

    Mobile payments to become ‘de-facto payment mode’ in India after banknote change

    November 15th, 2016

    Mobile payment transaction volume in India is expected to grow more than 90% each year over the next five years, with digital payments becoming the “de-facto payment mode” in the country, in the wake of… More

    Smartphone maker offers mVisa QR code payments in India

    November 10th, 2016

    Smartphone maker Micromax is to offer the mVisa QR code-based mobile payments service through its Udio mobile app across India, in collaboration with Visa and payments solution provider TranServ. The service will be available to… More

    mVisa launches in Kenya

    September 21st, 2016

    Visa has launched its mVisa QR code-based mobile payment service in Kenya with Co-Operative Bank, Family Bank, KCB and NIC Bank. “With mVisa, consumers can directly access all of the funds in their bank accounts to pay merchants or individuals,” Visa says. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to offer the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016. It is due to arrive in Nigeria by the end of this year.

    mVisa to launch in Nigeria by year end

    August 18th, 2016

    Visa is in “advanced discussions with leading Nigerian banks” — including Diamond Bank — to roll out its mVisa QR code-based mobile payments service in the country before the end of 2016. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to launch the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016.

    Mahindra Comviva powers HCE payments at ICICI

    March 16th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva has supplied the technology behind the host card emulation (HCE) based payments feature in ICICI Bank’s Pockets app, which was announced earlier this week. The service allows the bank’s customers to make NFC mobile payments at any contactless terminal and is expected to launch at the end of this month.

    ICICI Bank launches HCE mobile payments in India

    March 15th, 2016

    Customers of India’s ICICI Bank will soon be able to make host card emulation (HCE) based mobile payments at any contactless-enabled terminal using the bank’s Pockets app. The service, which makes use of tokenization, is currently available to the bank’s employees and is expected to go live for customers at the end of March 2016. More

    Nielsen reports on mobile wallet market in India

    March 14th, 2016

    Paytm is the most popular mobile payment app among Android smartphone owners in urban India, research from Nielsen reveals, with 39% of users with an internet connection making use of the service for an average duration of 70 minutes a month.  More

    ICICI Bank launches mVisa mobile payments

    October 9th, 2015

    ICICI Bank has become the first Indian bank to launch a mobile payment service based on Visa’s mVisa solution, which was unveiled in August 2015. “With this service, users of Pockets can make cashless payment from their smartphones using their debit card by simply scanning an mVisa QR code at a merchant location,” the bank says.

    Indian banks to test mVisa mobile payments in Bangalore

    August 6th, 2015

    India’s Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI) are to pilot a mobile payment service developed by Visa this summer that will let select customers make in-store, online and bill payments as well as send and receive money using their mobile devices. More

    India’s ICICI Bank launches voice recognition service

    May 27th, 2015

    India’s largest private sector bank ICICI Bank has become the first in the country to launch a voice recognition-based service, allowing more than 33 million customers to make banking transactions through the bank’s call centre by authenticating themselves using their voice. “Our decision to invest in this new technology was primarily driven by the objective of enhancing the everyday banking experience of our customers,” said CEO Chanda Kochhar.

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