ICICI bank has launched a new website and mobile app for its online money transfer service for Non-Resident Indians NRIs. Dubbed as Money2India (M2I), the service is aimed at making it easier for NRIs to make the money transferring process easier.
Available on Android and iOS, the mobile apps can also be accessed through biometric authentication in addition to the login ID & password.. The service allows NRIs to pay telephone bills, insurance premiums, and prepaid mobile recharge among others. ICICI bank has integrated its M2I website with its internet banking platform. NRIs can now access their bank accounts, transaction details as well as undertake remittances from a single internet banking platform. This gives improved convenience to NRI customers as they are not required to separately login and authenticate themselves to access the M2I website.
NRIs, who are customers of any bank globally, can use the M2I website and mobile app to transfer money to any bank in India. New users can initiate a money transfer instantly with the help of a simple one-time registration. After completing a transfer, a summary is displayed with the details of the transaction including currency exchange rate, promotion discounts if any and the likely receipt date of the transfer to the beneficiary. It also has an interesting ‘track your transfer’ feature which enables customers to check the status of their transfer in real time
Ms. Chanda Kochhar, MD & CEO, ICICI Bank Ltd 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. 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.”
ICICI Bank Money2India: Android, iOS