ICICI Bank launches social media-based remittance service for NRIs
ICICI Bank has launched a cross-border remittance facility that can be used by NRIs for sending money to their friends and family in India through social media like WhatsApp and e-mail. Christened 'Social Pay', a sender needs to register on the remittance service application Money2India to transfer money to someone in India.
ICICI Bank said it is the first in India and among few globally to launch a service allowing cross-border remittances over social media. Image source: Zeenews.com