ICICI Bank has made its digital rupee app, ‘Digital Rupee by ICICI Bank’, interoperable, enabling its customers to pay money to merchants using the Unified Payments Interface (UPI)-based QR code. The private sector lender said the move will benefit its millions of customers across 80 cities.  

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“This integration empowers customers to scan existing UPI QR codes at merchant outlets and seamlessly pay using the digital rupee app,” ICICI Bank said in a press release.  

The development also allows merchants to accept digital rupee payments on their existing UPI QR codes, eliminating the need for a mandatory onboarding procedure, it said.  

The bank also said that the introduction of UPI interoperability on its digital rupee app provides flexibility and convenience to customers. It also expands the usage of digital rupee.

 “At ICICI Bank, we strive to provide seamless, innovative digital banking solutions to our customers. This new feature on our digital rupee app --‘Digital Rupee by ICICI Bank’-- enables the Bank’s customers to make payments on existing merchant QR code, thereby exponentially expanding the avenues for payments. We are honoured to participate in this yet another significant ecosystem level move towards Digital India,” said Bijith Bhaskar, Head-Merchant Ecosystem at ICICI Bank.  

“We believe this initiative will bring a paradigm shift in the future of digital payments in India and promote greater acceptance of digital currency among customers and contribute to an increased volume of transactions through digital rupee,” he added.  

ICICI Bank said it is live with this facility in 80 cities across the country. The private sector lender was selected to participate in the first cohort of the pilot project on digital currency launched by the Reserve Bank of India (RBI) in December 2022.

How to make payments using the Digital Rupee by ICICI Bank app  

  • Open AppStore or PlayStore to update 'Digital Rupee by ICICI Bank' to the latest version  
  • Log in through the app 
  • Click on the scan QR option and scan the merchant's UPI QR code
  • Select the desired amount and enter the PIN
  • The transaction is complete
  • The mobile app is available for both Android and iOS devices.