Indian private sector lender ICICI Bank has launched a digital wallet named Pockets, available for download from Google Playstore.
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The e-wallet will use a virtual VISA card enabling customers to transact on any website or mobile application in India.
Pockets will allow users to instantly send money to any e-mail id, mobile number, friends on Facebook and bank account besides enabling payment of bills, recharging mobiles, booking movie tickets, ordering food, sending physical and e-gifts, splitting and sharing expenses with friends.
The bank will also permit users to add a zero-balance savings account to the wallet, allowing them to earn interest on their idle money.
The product will be available to existing ICICI Bank customers through registration using their internet banking login credentials and authenticating the OTP while non-ICICI Bank customers can also avail the service funding it via any bank’s net banking or debit card.
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By GlobalDataICICI Bank managing director and CEO Chanda Kochhar said: "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."
