BANKING AFFAIRS

Detailed explanation-1: -ICICI Bank has launched the country’s first contactless debit and credit cards on 7 January, 2015.

Detailed explanation-2: -ICICI Bank launched the country’s first contactless mobile payment solution to enable its credit and debit customers to make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal.

Detailed explanation-3: -Industrial Credit and Investment Corporation of India (ICICI) Bank launched the country’s first-ever ‘contactless’ debit and credit cards. These cards will give the customers to make electronic payments by waving the cards near the merchant terminal instead of dipping or swiping.

Detailed explanation-4: -In the year 2008, ICICI Bank was the first bank in India to launch mobile banking. Almost every bank has since followed suit. The HDFC Bank is one of India’s largest private sector banks. Its mobile banking app allows customers to view account transactions, transfer funds quickly, and make credit card payments quickly.

Detailed explanation-5: -Notes: ICICI Bank has recently launched a new mobile banking application named ‘iMobile Pay’, which can offer payments and banking services to customers of any bank. Through the app, customers can pay to any UPI (Unified Payments Interface) ID or merchants, pay bills and do online recharges among others.