- For this purpose, ICICI Bank collaborated with the National Payments Corporation of India (NPCI).
- By doing so, ICICI Bank has become 1st one to link e-wallet with the UPI network.
- Now, the customers of ICICI Bank can perform UPI transactions from their e-wallet balance instead of saving accounts.
- Due to the linkage between UPI ID with Pockets, customers will be able to use their balance from their wallet for smaller transactions.
- The new users and who are not customers of ICICI Bank, can now instantly get a UPI ID, which is automatically linked to ‘Pockets’.
- And the customers who already possess UPI ID will get a new ID when they log on to the ‘Pockets’ app.
- Static Part:
- HQ of ICICI Bank: Mumbai
- Tagline of ICICI Bank: Hum Hai Na, Khayal Aapka
- MD and CEO of ICICI Bank: Sandeep Bakshi
Question:
Q.1 Which bank has become 1st one to link e-wallet with UPI network?
a. ICICI Bank
b. Axis Bank
c. Yes Bank
d. Kotak Mahindra Bank
a. ICICI Bank
b. Axis Bank
c. Yes Bank
d. Kotak Mahindra Bank
