ICICI Bank Ltd Launches New 'Money2India' Website and Mobile Application to Enhance Customer Experience

MUMBAI, May 29, 2017 /PRNewswire/ --

• Non-Resident Indians (NRIs) can now transfer money to India in just 3 clicks
• First Indian bank to integrate international money transfer facility with its Internet banking platform
• NRIs can pay for services directly to over 100 entities in India

ICICI Bank Ltd, India's largest private sector bank by consolidated assets, announced the launch of a new website and mobile application for Money2India (M2I), the bank's flagship online money transfer service for NRIs. The new website as well as the mobile app comprises a host of features which enhance customer experience.

The website and the mobile app have an intuitive design that guides users to complete money transfer quickly. NRIs can now enjoy the convenience of a simplified transaction flow to transfer money to India in 3 simple clicks for their frequent transactions*. It provides an option of biometric authentication for logging into the mobile app as well as view the status of the transaction.

They can also make quick payments for services in India to over 100 entities from the M2I website. They can do so for services including telephone bills, insurance premiums, and prepaid mobile recharge among others. The new responsive design also offers a coherent experience across multiple devices like desktops, mobiles and tablets. Frequent users of Money2India will be enabled for instant money transfer credit to their recipients in India.

As an industry first, the bank has integrated its M2I website with its Internet banking platform. With this, NRIs can now access their bank accounts, transaction details as well as undertake remittances from a single Internet banking platform. This gives improved convenience to NRI customers as they are not required to separately login and authenticate themselves to access the M2I website.

Ms. Chanda Kochhar, MD & CEO, ICICI Bank Ltd said, "ICICI Bank has pioneered and popularised many innovative solutions in the banking industry in India. It has always been our endeavour to provide world-class services to our customers. The new Money2India platform is yet another testimony to that effort. We see large number of our customers today transacting through our digital channels. The Money2India website and mobile app have been significantly enhanced to provide ease of sending money to India. It allows registered NRI customers to transfer money to India in just 3 clicks if it is frequently transferred. They also have an option to pay over 100 entities in India from the M2I website. We believe that these developments will offer a seamless user experience for NRIs looking to transfer money to India."