New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    ICICI Bank's initiative allowing NRI customers to use

    their international mobile numbers for UPI payments in India is primarily aimed at enhancing:
    A Domestic investment Correct Answer Incorrect Answer
    B International banking competition Correct Answer Incorrect Answer
    C Customer convenience Correct Answer Incorrect Answer
    D Bank profitability Correct Answer Incorrect Answer
    E Financial security Correct Answer Incorrect Answer

    Solution

    The facility to use international mobile numbers for UPI payments simplifies transactions for NRIs, enhancing customer convenience. • ICICI Bank enables NRI customers to use their international mobile number for instant UPI payments in India. • This facility enhances convenience for NRI customers, allowing them to pay for utility bills, merchant, and e-commerce transactions with their NRE/NRO bank account. • The service is accessible through iMobile Pay, the bank's mobile banking app. Learn Along: About ICICI Bank Founded: 1994                  Headquarters: Mumbai       Non-Executive (part-time) Chairman: Mr. Girish Chandra Chaturvedi

    Practice Next

    Relevant for Exams: