ICICI Bank launched India’s first digital bank named “Pockets”

ICICI-BankICICI Bank has launched a service called ‘Pockets’ which is a digital banking service, enabling users to instantly send money to any e-mail id, mobile number, friends on Facebook and bank account.

Anyone, even if they are not a customer of ICICI Bank, can easily download the e-wallet from Google Playstore, fund it from any bank account in the country and start transacting immediately, ICICI Bank said in a statement.

This wallet uses a virtual VISA card which enables the users to transact on any website or mobile application in India. The customers can also request for a physical card to use it at any retail outlet.

Users can choose to add a zero-balance savings account to the wallet, which will allow them to earn interest on their idle money. The universal wallet and the savings account are the first two products to be launched as part of the ‘Pockets’ digital bank, it said.

This e-wallet allows users to instantly send/request money to/from any e-mail id, mobile number, friends on Facebook and bank account. This e-wallet allows a person to pay bills, recharge mobiles, book movie tickets order food, send physical & e-gifts, split and share expenses with friends by using this e-wallet.

About ICICI Bank:

ICICI Bank is India’s largest private sector bank and has 2.8 million mobile bank customers. The bank has consolidated total assets of 124.76 billion US dollar on 31 March 2014. ICICI Bank’s presence currently spans 18 countries, including India.

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