Tag: Head – Unsecured Assets

Business, News

ICICI Bank and HPCL launch ‘ICICI Bank HPCL Super Saver’ co-branded Credit Card

Jul 21, 2021 by Rekha Nair 0 Comments #Head – Unsecured Assets, #HPCL Executive Director - Retail, #ICICI Bank, #Mr. Sudipta Roy, #Shri S K Suri

Mumbai: ICICI Bank announced the launch of a co-branded credit card with Hindustan Petroleum Corporation Limited (HPCL) to enable users to get benefits and reward points of using multiple credit cards in one. Named, ‘ICICI Bank HPCL Super Saver Credit Card’, the card offers best-in-class rewards and benefits to customers on their everyday spends on fuel as well as other categories including electricity and mobile, departmental stores like Big Bazaar and D-Mart, and e-commerce portals, among others. Powered by VISA, the card is unique among its peers which typically offer benefits on only one category of spends.

Speaking on the launch, Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “We at ICICI Bank constantly strive to offer innovative propositions that address the growing and changing needs of customers. We are delighted to partner with HPCL to launch the ‘ICICI Bank HPCL Super Saver Credit Card’. Typically, similar credit cards offer accelerated benefits on spends in one category. This card breaks that barrier as it enables customers to save on every transaction that they make. This truly makes the card a ‘super star’ of savings. We believe that this card will empower customers to save more while enjoying the convenience of digital payments.”

HPCL Executive Director – Retail, Shri S K Suri, said “HPCL is very happy to partner with ICICI Bank to launch ‘ICICI Bank HPCL Super Saver Credit Card’ with unique offerings and rewards to enhance customer experience. This credit card will help in promoting the digital payment ecosystem at retail outlets and meet the expectations of the customers with its innovative offerings. The customer will also get additional loyalty points when they use this card on our HP Pay App.”

Customers can apply for the ‘ICICI Bank HPCL Super Saver Credit Card’ through the Bank’s internet banking platform or the mobile banking app, iMobile Pay. They get a digital card in a 100% contactless and paperless manner. The physical card is also sent to the customer by ICICI Bank within a few days. Further, customers can manage their transaction setting and credit limit conveniently on iMobile Pay app.

Additionally, they can upgrade their existing ICICI Bank credit card to ‘ICICI Bank HPCL Super Saver Credit Card’ using iMobile Pay and internet banking.

Features of the ICICI Bank HPCL Super Saver Credit Card:

· Rewards:

· 5% cashback on spends on fuel at HPCL retail outlets which includes 4% cashback and 1% surcharge waiver

· Additional 1.5% benefit as PAYBACK reward points on spends on fuel made through HPCL’s ‘HP Pay’ app

· 5% benefit as PAYBACK reward points on spends on electricity and mobile as well as shopping at large departmental stores like Big Bazaar and D-Mart.

· 2 PAYBACK points per Rs. 100 spent on all other categories including shopping at local stores and e-commerce portals for online shopping

· 2000 PAYBACK points as a joining benefit, which are credited to the customer’s PAYBACK account upon activation of the card

· Cashback of Rs. 100 in ‘HP Pay’ app wallet on the first transaction made using the app worth Rs. 1000 or above

· Value added benefits:

· Industry first feature of complimentary 24×7 roadside assistance

· Annual fee waiver on spends of Rs. 1,50,000/-

· Complimentary domestic airport lounge access

· Exclusive discounts on movie ticket bookings on BookMyShow and Inox

· Exclusive dining offers through the Bank’s Culinary Treats programme

The PAYBACK points are credited to the customer’s PAYBACK account which is auto-created at the time of issuance of the card. Customers can then redeem these points as per their choice on the PAYBACK website, ‘HP Pay’ app, or at PAYBACK partners stores/website. They can also redeem the PAYBACK points for purchasing fuel at HPCL retail outlets.

Business World, News

ICICI Bank partners with Greater Chennai Corporation and Chennai Smart City Limited to launch ‘Namma Chennai Smart Card’

Feb 24, 2021 by Rekha Nair 0 Comments #Head – Unsecured Assets, #Hon’ble Chief Minister of Tamil Nadu, #ICICI Bank, #ICICI Bank; Mr. Maddipatla Himadar, #Mr. Sudipta Roy, #Mr. Vetrivel G., #Namma Chennai Smart Card, #Thiru Edappadi K. Palaniswami, #Zonal Head - Institutional Business & GBG, #Zonal Head – Retail

Chennai: ICICI Bank  announced the launch of a Common Payment Card System (CPCS) in partnership with the Greater Chennai Corporation (GCC) and Chennai Smart City Limited (CSCL) to provide citizens a one-stop solution for making various kind of payments within the city and beyond. Called ‘Namma Chennai Smart Card’, the Rupay powered co-branded, contactless prepaid card, will facilitate various digital payments like tax and utility bill payments at the GCC centres. Additionally, the prepaid card facilitates retail payments within Chennai as well as in retail stores and e-commerce websites across the country.

Thiru Edappadi K. Palaniswami, Hon’ble Chief Minister of Tamil Nadu, unveiled the ‘Namma Chennai Smart Card’ in the presence of Mr. Vetrivel G., Zonal Head – Institutional Business & GBG, ICICI Bank; Mr. Maddipatla Himadar, Zonal Head- Retail, ICICI Bank and other senior officials of the Bank.

Speaking about the partnership, Mr. Sudipta Roy, Head- Unsecured Assets, ICICI Bank, “ICICI Bank has always been at the forefront of introducing path breaking digital solutions which aims to offer simplicity and convenience to our customers. We are delighted to associate with Greater Chennai Corporation and Chennai Smart City Limited to launch the ‘Namma Chennai Smart Card’. This new proposition aims at offering unparalleled convenience to the residents of Chennai and is a significant step towards transforming it into a Smart City. This is a testament to our constant efforts at creating a less cash ecosystem across the country, thereby encouraging our customers to adopt to digital modes of making payments. We look forward to more such collaborations with the Tamil Nadu Government to co-create solutions that offer flexibility and convenience to our valued customers.”

This new initiative will make Chennai a part of the list of international cities that offer a Common Payment Card platform to its residents for making seamless payments for an array of services within the city.

With the ‘Namma Chennai Smart Card’, residents will be able to undertake the following activities:

· Payments at GCC centres: Residents can use the card to make tax/ utility bill payments at the GCC centers. This facility will be available in few weeks.

· Shop online and at stores: Armed with the card, residents can purchase goods from retail stores, pay for movie tickets, dine and shop online on e-commerce websites across the country.

· Manage card online: The card is backed by various features, which residents can manage seamlessly online on a dedicated customer portal*. These include features like card block/unblock, activation, pin-reset etc. Additionally, in the coming days residents will also be able to reload the card digitally through UPI on the customer portal or the iSmart City app.

· Avail Exciting offers: Customers will also get exciting discount offers on the card round the year, which will be promoted in the coming days on the Bank’s website.

Residents can get the card issued and topped-up at GCC Main office at Ripon Building in Park Town and GCC Zone 10 office at Kodambakkam, in Chennai. This facility will soon be extended to over 200 GCC centres in the city.

*Dedicated portal for ‘Namma Chennai Smart Card’: https://smartcity.icicibank.com/customer/customerportal?pagename=namma

 

Business World

ICICI Bank ties up with Niyo to issue prepaid cards to MSMEs

Jan 14, 2021 by Rekha Nair 0 Comments #Business Head-Niyo Bharat, #Darpan Sharma, #Head – Unsecured Assets, #ICICI Bank, #Mr. Sudipta Roy, #Niyo Co-founder and CEO Vinay Bagri

Mumbai: ICICI Bank, a leading private sector bank in India and Niyo, a new age fintech today announced a tie-up to issue prepaid cards to workers of Micro, Small & Medium Enterprises (MSMEs). MSMEs will now be able to get ‘ICICI Bank Niyo Bharat Payroll Card’ powered by Visa, for their blue-collar workers, who are mostly under-banked. With this, MSMEs can upload the salaries of their workers on the card, which the workers can then utilise as per their need in a seamless manner. The ‘ICICI Bank Niyo Bharat Payroll Card’ allows an individual to receive funds upto Rs. 1 lakh into the card account. It offers convenience and safety of digital banking to the blue-collar workforce, while providing a state-of-the-art salary disbursement solution to the employers.

This partnership with ICICI Bank is in line with Niyo’s mission to revolutionize banking experience for India’s blue-collar workforce. With this, Niyo has announced its goal of reaching 5 million blue-collar workers in the next 5 years with its flagship product Niyo Bharat. Niyo Bharat currently has over 1.7 million customers and relationships with over 7000 corporates, adding nearly 5000 customers every day.

Speaking on the initiative, Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “We at ICICI Bank constantly strive to introduce facilities that foster inclusivity and extend the reach of the formal banking ecosystem. In line with this, we are delighted to partner with Niyo for the ‘ICICI Bank Niyo Bharat Payroll Card’. This partnership is yet another initiative by us to make banking products easily accessible to the underbanked population. We believe that armed with this card, workers of MSMEs will be able to enjoy the convenience and safety of digital banking.”

Niyo Co-founder and CEO Vinay Bagri said, “The Niyo Bharat Digital Salary Solution has the potential to bring millions of blue collared salaried workforces into the formal economy and also support the nation’s successful march towards Digital India. Our primary objective is to provide digital banking solutions for the blue-collar segment to not only foster financial inclusion but also inculcate a long-term saving habit among them.”

Any MSME can tie-up with Niyo to avail the prepaid card. After the tie-up, cards are issued to the workers at their workplace itself while their KYC verification is done simultaneously using a bio-metric device. Once activated, workers can use the card to withdraw funds at ATMs, make online transactions on e-commerce portals and make payment by swiping the card at Point of Sale (PoS) machines.

To further facilitate the cardholders, Niyo offers a multilingual app called ‘Niyo Bharat Mobile app’. Workers can download this app from Google Play Store and register themselves. The app will enable them to transfer funds, pay bills or do recharges online. It also allows them to block/unblock the card which provides them control of their card security. The cardholders also get a free accidental death insurance cover.

Niyo’s robust 24 x 7 Customer Service Team caters to issues arising at any hour of the day via a multilingual captive call center facility.

Darpan Sharma, Business Head-Niyo Bharat said, “Partnership with ICICI Bank is a milestone in our journey to provide best in class service to the underbanked blue collar segment. The partnership will create opportunity to provide all banking services to this segment across the length and breadth of the country”

Leveraging technology for payroll, employee benefits, card based payments, credit and savings, Niyo provides an integrated solution comprising a digital account in addition to the Bharat mobile app supported by a comprehensive corporate portal, it assists organizations in digitizing the benefits and payroll process. It strives to deliver a frictionless employee experience.