The Indian Wire » Banking » ICICI Bank launches Money2India app to help NRIs transfer money
Banking

ICICI Bank launches Money2India app to help NRIs transfer money

Icici Bank
ICICI Bank has launched Money2India app to enable NRIs to transfer funds instantly to their relatives and family members.

ICICI Bank, one of the biggest private sector banks in India, has launched its global platform for money transfer, Money2India. The app, available for iOS and Android, enables NRIs to transfer money in simple steps. This enables transfer of money to individuals and entities having an account in Indian banks.

Speaking at the launch, Chanda Kochhar, MD & CEO – ICICI Bank said that the app is launched to enhance the experience of sending money to India. The improved interface and added features will make sure that the users can send money to their relatives and family members at just a tap on the phone. If the money transfer is done frequently to a recipient, the process will hardly take a few seconds.

She also added that the increasing threat of cyber crimes have made them work on the security and an extra layer to authenticate the transaction using biometric and one time password has been added. The user just needs to register a beneficiary and within minutes, it is ready to receive the funds.

About the author

Kunwar Prithvi Singh Chauhan

Part time journalist, full-time observer. Editor-in-Chief at The Indian Wire. I cover updates related to business and startups.

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