ICICI Bank introduced the linking of Unified Payments Interface (UPI) ID to its digital pockets ‘pockets’ on Wednesday, May 26
According to ICICI Bank, the benefits of UPI-linked ‘pockets’ are as follows:
- Scan and Pay: Users can scan the QR codes and make funds on the service provider shops or at different places, by way of the BHIM UPI on the ‘pockets’ app.
- Make and obtain funds: Customers also can use their ‘pockets’ UPI ID to pay in opposition to a gather request despatched by one other person or app. Users also can obtain cash by making a gather request by getting into a legitimate quantity and the sender’s UPI ID.
- Pay to contacts: With this function, prospects can simply make funds to their contacts within the telephone e book.
- UPI funds at service provider websites: Customers could make funds on-line at any service provider website by opting to make ‘cost by way of UPI’ and by getting into their ‘pockets’ UPI ID. Upon getting into the ID, a gather request is generated which could be accepted on the ‘pockets’ app to finish the cost.
- Money transfers: Users also can simply switch funds from their ‘pockets’ pockets to a financial savings account or some other ‘pockets’ pockets, by getting into the receipient’s ‘pockets’ UPI ID or the financial savings account particulars
