Money2India By ICICI Bank
June 13, 2017
NRIs can now transfer money to India in just 3 clicks with ICICI Bank’s new app ‘Money2India’.
ICICI bank recently announced the launch of an intuitive banking app and website named Money2India (M2I) for NRIs. The app allows registered NRI customers to transfer money to India in just 3 clicks if it is frequently transferred.
According to a press release, “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. The simple transaction flow makes it easy even for a first time user to transact.”
It further added, “On completion of the 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”.
In order to streamline the entire process, ICICI has integrated its M2I website with its internet banking platform. With this, 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.
Furthermore, NRIs can also make quick payments for services in India to over 100 entities from the M2I website. They can do so for services including telephone bills, insurance premiums, and prepaid mobile recharge among others.
Frequent NRI users of Money2India will be enabled for instant money transfer credit to their recipients in India.
There is an option of biometric authentication for logging into the mobile app in addition to the login ID & password.
NRIs can pay for services directly to over 100 entities in India
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