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Business News›NRI›Invest›ICICI Bank introduces UPI for NRIs through international mobile numbers
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ICICI Bank introduces UPI for NRIs through international mobile numbers
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Synopsis
ICICI Bank has launched UPI for NRIs in ten countries, enabling global mobile number use without switching to Indian numbers. iMobile Pay facilitates utility, merchant transactions, and QR code payments, enhancing convenience and promoting UPI adoption across borders.
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ICICI Bank has rolled out a new facility allowing its non-resident Indian (NRI) customers to make Unified Payments Interface (UPI) transactions in India using their international mobile numbers. The announcement, made on Monday, is expected to enhance the ease of everyday payments for NRIs.
Previously, NRIs had to register an Indian mobile number with their Non-Resident External (NRE) or Non-Resident Ordinary (NRO) bank accounts to use UPI, limiting their ability to make payments conveniently. The new facility allows ICICI Bank's NRI customers to use their international mobile numbers registered with their NRE/NRO accounts for UPI payments. This change applies to customers residing in ten countries, including the USA, UK, UAE, Canada, Singapore, Australia, Hong Kong, Oman, Qatar, and Saudi Arabia.
The bank confirmed that this service is available through its mobile banking app, iMobile Pay, providing an easy way for NRIs to make utility payments, merchant and e-commerce transactions, and other financial activities without switching to an Indian mobile number. Customers can make payments by scanning any Indian QR code, sending money to a UPI ID, or sending to an Indian bank account.
How to activate UPI on your international mobile number
(Join our ETNRI WhatsApp channel for all the latest updates)
- Log in to the iMobile Pay app
- Click on UPI Payments
- Verify your mobile number
- Go to Manage -- My Profile
- Create a UPI ID
- Select your Account Number
- Hit submit
"With this facility, our NRI customers residing in 10 countries do not need to switch to an Indian mobile number to pay using UPI," said Sidharatha Mishra, Head – Digital Channels and Partnerships, ICICI Bank. He added that the bank aims to leverage the Unified Payments Interface (UPI) infrastructure provided by the National Payments Corporation of India (NPCI) to strengthen and transform the global digital payments ecosystem.
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This initiative marks a significant step towards improving the convenience of financial transactions for NRIs, contributing to a more seamless digital payment experience and potentially encouraging broader adoption of UPI across international borders.
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