ICICI Bank UPI app crosses 1 lakh Virtual Payment Addresses (VPA)

ICICI Bank UPI app reaches 1 lakh VPA milestone : India’s largest private sector lender, ICICI bank has crossed 1 lakh Virtual Payment Addresses (VPA) on Unified Payment Interface (UPI) within three weeks of its launch.

ICICI bank UPI app reaches 1 lakh VPA milestone
ICICI bank UPI app reaches 1 lakh VPA milestone

In a bid to further enhance the usage of UPI , bank has also announced partnership with Aditya Birla Fashion and Retail Limited (ABFRL) and Hindustan Petroleum Corporation Limited(HPCL) to offer UPI based payments at its retail outlets making it largest forthcoming deployment of in store payments using UPI.

Read here : What is UPI – all you need to know

How to download ICICI Bank UPI App :

UPI is available on two of the bank’s customer facing mobile banking applications – ‘Pockets’ and ‘iMobile’.

Anyone, including non-ICICI Bank customers can access UPI by creating their VPA on ‘Pockets’.

They can also link their bank accounts with other banks (who are also on UPI) and make payments from that account as well using their VPA on ‘Pockets’. Additionally, ICICI Bank’s customers can access UPI on ‘iMobile’. 

The VPA acts as a financial address for a user in lieu of their 16 digit bank account number and the 11 digit IFSC code. Once registered for VPA, bank account holders (of banks participating in UPI) can send and receive money from their smartphones without the need to enter bank account information or net banking user id and password. 

Features of ICICI Bank UPI App :

With this, customers of any bank who have created their VPA on ‘Pockets’ as well as ICICI Bank customers using ‘iMobile’ can soon pay using their smart phone at over 6,500 HPCL petrol pumps and more than 2,000 stores of ABFRL across the country.

The latter’s network includes brands like Louis Philippe, Peter England, Van Heusen, Allen Solly, Planet Fashion and Linen Club among others. 

Users can make payments using UPI 24×7 on all days including bank holidays.

They can also make payments to merchants from their mobile phones where UPI is accepted as a payment mode.

Source : Economic Times

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