- The app enables instant money transfer from any bank in
Canada to any bank in India
- Customers of other banks can also transfer money to
India using this app
- Users can send up to CAD
30,000 in a single transaction
TORONTO, Oct. 24,
2023 /CNW/ - ICICI Bank Canada, a wholly
owned subsidiary of ICICI Bank Limited, announces the launch of its
mobile banking app, 'Money2India (Canada)'. The app enables customers of any
bank in Canada to send money
instantly and round the clock to any bank in India without opening an account with ICICI
Bank Canada.
Customers of any bank in Canada
can send money through the app using their Visa / Mastercard debit
cards. They can instantly send money to India with a single transaction limit of
CAD 30,000, with a confirmed exchange
rate. Additionally, customers of ICICI Bank can execute future
dated and recurring transfers to beneficiaries in India at a defined frequency using the
app.
The launch of 'Money2India (Canada)' app marks ICICI Bank Canada's foray
into Canada's remittance market.
The app is safe and secure as it has implemented the latest
security standards prescribed for digital channels, along with two
factor authentication including a dynamic One-Time-Password (OTP)
as an added layer of security.
Speaking on the initiative, Mr. Vikash
Sharma- President & CEO, ICICI Bank Canada said.
"We, at ICICI Bank, believe in leveraging the latest technology to
bring in new and improved digital banking solutions to users of our
products and services. We understand the importance of seamless and
reliable money transfers. The introduction of the 'Money2India
(Canada)' app reflects our
commitment to providing users with a convenient and enriched
experience. We believe that this service will empower customers to
effortlessly send money to India
instantly, in a safe and secure manner."
The features of 'Money2India
(Canada)' app include:
- Digital verification of identity: Users can complete their
identity verification digitally from anywhere in Canada, thereby having a seamless onboarding
experience
- Set future dated/recurring transfers: The app offers the
facility of future dated/recurring transfers to beneficiaries in
India for the customers of ICICI
Bank Canada who wish to transfer at a defined frequency
- Instant addition of beneficiary: Users can add beneficiaries
immediately and transfer money to them instantly
- Regular updates and tracking: Users can get regular text or
email updates on transactions
Simple steps to send money from
'Money2India (Canada)'
app:
Step 1: Download 'Money2India (Canada)' app through Play Store or
App Store
Step 2: Sign up (new customers) or Login (existing customers of
ICICI Bank Canada)
Step 3: Add a beneficiary instantly and enter request to send
money to India
Step 4: Review the request and confirm OTP. The amount will
be sent to the beneficiary's account
To send money through the app, please download 'Money2India
(Canada)' App through Play Store
or App Store
Customers can also avail 'Money2India' facility through the web
platform www.money2india.icicibank.ca
For detailed T&Cs please visit : http://bit.ly/43HmTfF
For news and updates, visit www.icicibank.ca and
follow us on LinkedIn at
www.linkedin.com/ICICIBankCanada and call us at
1-888-424-2422
About ICICI Bank Canada: ICICI Bank Canada is a wholly
owned subsidiary of ICICI Bank Limited (NYSE:IBN), a leading
private sector bank in India.
ICICI Bank Ltd's total assets stood at US $248.6 billion at June 30,
2023. Active in most provinces and territories, ICICI Bank
Canada conducts business as a full-service direct bank under
Canada's Bank Act. Visit
icicibank.ca to learn more.
SOURCE ICICI Bank Canada