ICICI Bank on Monday announced that it has enabled its savings account holders to pay and manage dues of credit cards of any bank instantly using the lender’s mobile application ‘iMobile Pay’. The private lender in a release stated that “customers can add credit cards of any bank to the app within a few seconds and thereafter pay and manage their dues from the same app.” The new facility offers improved convenience to customers, who typically use multiple credit cards, by providing them a one-stop solution for managing all their cards with ease, ICICI Bank added.
Lenders usually come up with fresh initiatives before the arrival of festive season every year. For instance, State Bank of India (SBI) is offering EMI or equated monthly instalment facility to its debit card holders.
The new ICICI Bank facility offers improved convenience to customers, who typically use multiple credit cards, by providing them a one-stop solution for managing all their cards with ease, the lender said.
Some of the other benefits offered by the bank included setting of bill payment reminders, viewing payment history of all cards, sharing payment confirmation through WhatsApp, and managing/changing due dates as per the billing cycle.
Mr. Bijith Bhaskar, Head – Digital Channels & Partnership said, “With a large section of customers using multiple cards for their various needs, this new solution aims to help them decongest the process of their credit card bill payments. It offers them the convenience of a one-stop payment solution for all their credit cards on one platform, and saves them the hassle of juggling between multiple portals for payments.”
Here’s how customers can avail the facility:
* Login to iMobile Pay and select ‘Cards and Forex’ section
* Go to ‘Other Bank Credit Card’
* Tap on ‘Add a card’ and enter the required details
* Authenticate the OTP (one time password) sent on the registered mobile number and card will be added instantly
* Once the card is added, it can be viewed and managed under the ‘Other Bank Credit Card’ tab
Meanwhile, ICICI Bank shares were trading 0.55% lower in late deals.