ICICI Bank launches ''Money2India''; Here are its key features
ICICI Bank launched online money transfer service called ''Money2India'' for its NRIs customers.
ICICI Bank on Monday launched a new website and mobile application called “Money2India” (M2I) – an online money transfer service for Non-Resident Indians (NRIs).
Chanda Kochhar, MD & CEO of ICICI Bank said, “The Money2India website and mobile app have been significantly enhanced to provide ease of sending money to India. It allows registered NRI customers to transfer money to India in just 3 clicks if it is frequently transferred.”
She added, “They also have an option to pay over 100 entities in India from the M2I website. We believe that these developments will offer a seamless user experience for NRIs looking to transfer money to India.”
Here are key features of the newly launched M2I:
Transfer can be possible in just three easy clicks for customers who have been making frequent transactions.
The mobile app of M2I can be accessed through biometric authentication in addition to the login ID and password. The application is available on any Android and iOS phones.
M2I website also offers an option to pay bills and other expenses directly to over 100 entities – which includes payments like utility, telephone, insurance and prepaid mobile recharge among others.
Also, NRIs who are customer of any bank globally can opt this M2I website for transferring money to any bank situated in India.
New users can initiate a money transfer instantly with the help of a simple one-time registration. The simple transaction flow makes it easy even for a first time user to transact.