ICICI Bank has launched ‘Pockets’, India’s first digital bank on mobile phone for the youth. Anyone, including those who are not customers of ICICI Bank, can easily download the digital wallet from Google Playstore or Appstore, fund it from any bank account in the country and start transacting immediately.
While talking to media persons Aprajita Sikdar, Manager Corporate Communication of ICICI Bank said this wallet uses a virtual VISA card which enables the users to transact on any website or mobile application in India. Customers can also request for a physical card to use it at any retail outlet.
The wallet allows users to instantly send money to any e-mail id, mobile number, friends on Facebook or whatsapp and bank account. The users can pay bills, recharge mobiles, book movie tickets, send physical & e-gifts, split and share expenses with friends by using this digital wallet. 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. These products come with a new youth centric look and feel.
She further said that today’s youth wants everything instantly, on the go. ‘Pockets’ addresses this need by allowing anyone to open an account on their mobile phone in an instant and start transacting immediately. “We believe that Pockets will help shape the future of digital payments in the country. We, at ICICI Bank, will continue to focus on innovations in technology to offer unique propositions that are simple, fast and convenient,” she added.