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Monday, January 19, 2015

ICICI Bank launches money transfer service on Twitter

ICICI Bank, India's largest private bank, has launched its banking services on Twitter enabling customers to transfer money through the micro-blogging Web site.

Savings account customers can register their Twitter account with a onetime password and link their account number.

Customers can send up to Rs. 5,000 per transaction with a limit of Rs. 10,000 per day. The online NEFT charges will be applied.

Both the recipient and sender need to have a Twitter account.

This facility also enables customers to view their account balance, view the recent transactions and recharge mobile pre-paid through Twitter.

"Mobile transactions account for 10 per cent of our total transactions, increased from 2 per cent in 2.5 years...We have about 2.8 million customers on mobile banking, while about 15 million Internet banking users," said Rajiv Sabharwal, Executive Director, ICICI Bank.

also plans to launch digital wallets ad digital wearables in the next few months.

Source : Thehindubusinessline


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