20 Lakh Users Of Other Banks Now Using ICICI Bank’s Mobile App: Find Out Why?

20 Lakh Users Of Other Banks Now Using ICICI Bank's Mobile App: Find Out Why?
20 Lakh Users Of Other Banks Now Using ICICI Bank’s Mobile App: Find Out Why?

As per the newest reports coming in, the ICICI bank’s revamped mobile banking application has won many hearts! The app is now being used by more than 20 lakh customers of other banks as well!

Read on to find out why the app has now topped the popularity charts!

More Than 20 Lakh Crore Customers Of Other Banks Opted For ICICI Bank App

A statement has been issued by the ICICI Bank, which states that more than 20 lakh customers of other banks are using the revamped app of the bank’s mobile banking facility. The statement says, “The bank has paced to the milestone in a span of just five months after making iMobile Pay open to all, including customers of other banks.”

The trends have shown that these customers are using the app for its features, which include pay to contact, bill payments, and scan to pay.

The bank had made its app available to the customers of all banks in December last year. 

Bijith Bhaskar, Head – Digital Channels and Partnership, ICICI Bank said that the bank had given the app a makeover of sorts and renamed it  ‘iMobile Pay’ five months ago in order to provide interoperability. This would help anyone and everyone in benefitting from the the app’s facilities. 

As per reports, the NPCI’s interoperable infrastructure was leveraged to make this possible.

This is despite the technical decline rate of the ICICI Bank, which was registered at 0.87%,  according to the data released by the National Payments Corporation of India (NPCI). 

ICICI Bank App Sees Great Response From Metro Cities And State Capitals 

The app has seen a great response, especially from metro cities and leading state capitals. These include New Delhi, Bengaluru, Chennai, Hyderabad, Lucknow, Patna, Jaipur, Ahmedabad, among others.

Recently, ICICI Bank reported an incredible 260% on-year net profit growth. After this, the bank announced that each of its equity shares would fetch a dividend of Rs 2 as subject to shareholder approval. 

This is a growth from Rs 1 dividend per equity share in 2019 and Rs 1.4 per share in 2018. The bank said in an official statement, “The Board has recommended a dividend of Rs 2 per share in line with applicable guidelines. The declaration of dividend is subject to requisite approvals”.

However, no dates have been declared yet for the dividend payout. 

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