Tag: Mr. Sudipta Roy

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.

Business World

Sqrrl partners with ICICI Bank for its millennial banking programme, ‘Mine’

Nov 26, 2020 by Gouri Achary 0 Comments #ICICI Bank, #ICICI Bank Mine, #Mr. Samant Sikka, #Mr. Sudipta Roy, #Sqrrl

Sqrrl, a savings and investment app, has partnered with ICICI Bank to provide goal-based investments platform for ‘ICICI Bank Mine’, the country’s first comprehensive banking programme for millennial customers.

Under this partnership, the investment platform of Sqrrl is integrated with ICICI Bank’s mobile app, ‘iMobile’. With this, the millennial customers of the Bank gain seamless access to various goal-based investment offerings by Sqrrl, from within the ‘iMobile’ app itself. Sqrrl’s expertise lies in providing the most suitable mutual funds options based on the goal amount and duration. Sqrrl’s mutual fund investing platform is one of the few online mutual fund investment apps that has built onboarding, transaction processing, recommendation engine and payments integrations, all in-house.

Commenting on the launch, Mr. Samant Sikka, Founder, Sqrrl said, “Our focus to offer smooth investment experience to the millennial customers made Sqrrl an ideal first platform partner for ‘ICICI Bank Mine’. We believe that goal-based investing is the first step for young Indians to enter into the world of mutual fund investments. Through the Bank’s iMobile app, we will help customers make their investments with clear defined goals. Partnering with India’s most trusted bank, ICICI Bank, for our first venture into the B2B space is a big testament to our innovative product thinking and execution capabilities.”

Mr. Sudipta Roy, Head- unsecured Assets, ICICI Bank said in a statement, “Our newly launched millennial banking stack, ‘ICICI Bank Mine’ adopts a platform approach where fintechs can integrate to offer financial solutions for millennial customers. Sqrrl is the first partner to integrate with the stack. We are delighted to have them on board. The integration of Sqrrl’s investment platform with our mobile application, iMobile, enables millennial customers to invest easily and save for their goals in a simple, tech-savvy way, from within iMobile itself.”

Sqrrl has been working for over four years to offer a simple yet ingenious platform suited for young investors to embark on their respective financial journeys. Its focus has been to drive young investors to choose on the basis of their life goals instead of the market trends. Sqrrl’s platform is a full-stack offering person less-paperless onboarding, payments, recommendation engine which has been built modular to offer a plug and play experience for B-B-C integrations, making it an ideal enterprise fintech partner for banks, NBFCs and other platforms who may want to expand the scope of their offering by enabling cutting edge savings and investments solutions to the new age digital customers. This is their first big partnership with the ICICI Bank to have gone live and there are few more which are under integration and should be going live shortly.

Business World

ICICI Bank introduces ‘Cardless EMI’, a new digital mode of payment

Nov 19, 2020 by Gouri Achary 0 Comments #CICI Bank Cardless EMI, #ICICI Bank, #Mr. Amrish Rau, #Mr. Sudipta Roy, #Pine Labs

ICICI Bank today announced the launch of a fully digital mode of payment at leading retail stores. Called ‘ICICI Bank Cardless EMI’ (Equated Monthly Instalments), the facility enables lakhs of its pre-approved customers to buy their favourite gadgets or home appliances just by using their mobile phone and PAN in lieu of wallet or cards. They can convert the high-value transactions into easy, no-cost monthly instalments by simply putting their registered mobile number, PAN and OTP (received on mobile number) on the PoS machine at the retail outlets.

ICICI Bank is the first in the industry to introduce a fully digital, cardless EMI facility at retail stores. The Bank has tied up with Pine Labs, a leading merchant commerce platform, to offer this facility across pan-India outlets of leading retailers namely Croma, Reliance Digital, My Jio Stores and Sangeetha Mobiles. At these stores, customers can avail the ‘Cardless EMI’ facility to purchase electronics from leading brands like Carrier, Daikin, Dell, Godrej, Haier, HP, Lenovo, Microsoft, Motorola, Nokia, Oppo, Panasonic, Toshiba, Vivo, Whirlpool and MI. The Bank will add many more brands as well as retailers under this facility in near future.

Speaking on the initiative, Mr. Sudipta Roy, Head- Unsecured Assets, ICICI Bank said, “We at ICICI Bank always strive to enhance our customer’s convenience and provide them with innovative solutions to make banking more accessible and hassle-free. Purchasing home appliances, mobile phones and gadgets on EMI is known consumer behaviour in India. We have seen large number of consumer durables are purchased by using EMI facilities on credit and debit cards.

In order to provide further convenience, we are introducing the ‘Cardless EMI’ facility so that the customers can transact just by using mobile phone and PAN, without even carrying their cards or wallet. We believe this facility will empower lakhs of pre-approved ICICI Bank customers in the on-going festive season to purchase products of their choice in a completely contactless, digital and secure manner.”

Mr. Amrish Rau, CEO, Pine Labs added, “The beauty of ‘Cardless EMI’ is that it is a very complex programme to develop, yet it is extremely secure. We hope this will open new consumer segments and give access to shop-now-pay-later at more 1 lakh Pine Labs merchants across India. We are very excited to partner with ICICI Bank on this cutting edge technology programme.”

Benefits for lakhs of ICICI Bank’s pre-approved customers:

· No-cost EMI without using a card: Customers get no-cost EMI on leading brands at leading retailers without using cards

· No processing fee: The Bank doesn’t charge any processing fee for this facility

· Digital process: The process is completely digital, contactless and secure

· Wide transaction limit: Customers can get pre-approved limit for purchases from Rs. 10,000 to Rs.10 lakh

· Flexible tenures: Customers can select tenures of their choice from three to 15 months

· Exclusive convenience: No other bank in India offers this convenience

Here are simple steps to avail the ‘ICICI Bank Cardless EMI’ facility:

· Select product at store > Mention willingness to avail ‘Cardless EMI’ to store representative

· Enter the registered mobile number on the PoS terminal > Enter PAN> Receive OTP > Enter OTP on PoS terminal

· Transaction gets approved at this stage instantly.

ICICI Bank customers can check their eligibility for ‘Cardless EMI’ by sending SMS ‘CF’ to ‘5676766’ or check the offers section on iMobile app

To know more about the ‘ICICI Bank Cardless EMI’ facility, visit: https://www.icicibank.com/Personal-Banking/loans/cardless-emi/index.page

For news and updates, visit www.icicibank.com and follow us on Twitter at www.twitter.com/ICICIBank

Business World

Amazon Pay ICICI Bank credit card is fastest to cross 1 million milestone

Oct 28, 2020 by Gouri Achary 0 Comments #Amazon Pay, #Amazon Pay balance., #ICICI Bank credit card, #Mr. Shailesh Paul, #Mr. Sudipta Roy, #Mr. Vikas Bansal

Amazon Pay and ICICI Bank today announced that the Bank has issued about 1.4 million Amazon Pay ICICI Bank credit cards. In the process, the credit card has become fastest in the country to cross the milestone of 1 million, in less than 20 months of its launch. Amazon Pay and ICICI Bank introduced the co-branded credit card, powered by Visa, two years ago.

The credit card offers unique customer benefits like an always-on reward which is unlimited, instant issuance of the card for select customers in less than 60 seconds, direct crediting of reward points to Amazon Pay balance and contactless payment feature to help customers pay in a safe manner. ICICI Bank and Amazon Pay now enable more customers to experience and enjoy the benefits offered by the card, through a two-pronged strategy.

One, the partners are expanding the net by allowing registered Amazon customers to apply for the credit card even if they are not customers of ICICI Bank. Two, the Bank has continuously been increasing customers’ convenience by offering new initiatives and offers. Amazon Pay ICICI Bank credit card was among the first credit cards in India to introduce ‘Video KYC’ facility for new applications in June 2020, in order to enhance customer convenience during the ongoing pandemic. This enabled new-to-bank customers across the country to apply for the card in a safe and contactless manner.

Speaking on the occasion, Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “The Amazon Pay ICICI Bank credit card has received an amazing response from customers, which is the catalyst behind the milestone that the card has achieved in a short time. The success is a testimony to the best-in-industry rewards that the card offers. The Bank enabled video KYC facility across the country in June 2020, thereby allowing new-to-bank customers to apply for the credit card seamlessly from anywhere in the country. We believe that with this facility, more customers will be able to apply for the card in a contactless and safe way.”

“At Amazon Pay, we are constantly innovating and creating new experiences on behalf of our customers. In line with our vision, Amazon Pay ICICI Bank credit card offers the most rewarding, convenient, and trusted experience to our customers. To make digital payments more convenient and seamless we have introduced instant issuance of cards in under 60 seconds and 100% digital video KYC enabled issuance, we are bringing our vision alive for our customers. It is the trust that customers have in us that encourages us to further innovate on behalf of them”, said Mr. Vikas Bansal, Director and Head Financial Services, Amazon Pay

“E-commerce is estimated to touch 300-350 million Indian shoppers by 2025. The Amazon Pay ICICI Bank credit card powered by Visa offers convenient and secure payments to this customer segment. We are delighted to note that this has become the fastest-growing co-branded card product in India, surpassing 1 million cards.” said Mr. Shailesh Paul, Head of Merchant Sales & Acquiring and CyberSource, India and South Asia, Visa.

Customers can apply for the Amazon Pay ICICI Bank credit card on the Amazon India app or website. They get a digital card in a 100% contactless and paperless manner. The physical card is also sent to the customer by the Bank within a few days.

Key features of the Amazon Pay ICICI Bank credit card include:

· It’s a lifetime free credit card. No joining or annual fee for the card

· Get unlimited reward points on card spends based on the category of spends.

· 5% reward points for Amazon Prime members and 3% for all other customers shopping on Amazon.in

· 2% for spends on digital categories on Amazon.in such as bill payments, recharges, add money to Amazon Pay balance, travel & movie bookings

· 2% for spends on Amazon Pay merchants, e.g. Swiggy, Bookmyshow, Yatra, and many more

· 1% for spends on any merchant location in the country where Visa cards are accepted. Customers also get fuel surcharge waiver and no-cost EMI offers on a large selection. No earnings on fuel, EMI transactions and gold purchases.

· One reward point is equal to one rupee

· No upper limit on reward points that you can accumulate

· Reward points don’t expire and can be redeemed from over 16 crore products on Amazon.in and Amazon Pay merchants

· The card can be used at more than 4 million merchant locations in India – everywhere you shop

The reward earnings are credited monthly, after the billing cycle date of the card to the customer’s Amazon Pay balance. Customers can redeem these earnings to purchase from more than 160 million items available on Amazon.in across categories like mobiles, electronics, grocery, appliances, fashion and bill payments among others. The reward earnings can also be used with Amazon Pay partner merchants for purchasing flight tickets, booking hotels, food delivery, movie tickets and much more.

Business World

ICICI Bank offers debit card for customers availing LAS

Oct 6, 2020 by Gouri Achary 0 Comments #debit card, #ICICI Bank, #Loan Against Securities (LAS), #Mr TR Ramachandran, #Mr. Sudipta Roy

Mumbai: ICICI Bank today announced that it has introduced a debit card facility for customers availing the Loan Against Securities (LAS) from the Bank. The card is available on the Visa platform. It can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.

ICICI Bank is the first bank in the country to launch the facility after the RBI allowing banks to issue electronic cards to customers who avail an OD facility, which is of the nature of a personal loan with no specific end-use restriction. The debit card will be issued to new customers who avail LAS and will be automatically renewed upon renewal of the LAS account. Customers get a digital debit card within one business day of availing LAS, which can be accessed on the Bank’s mobile app iMobile. Using this digital card, they can start making online transactions post enabling the functionality. They also get the physical card within seven business days. Existing customers of LAS will also get this card shortly.

Speaking on the initiative, Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “We at ICICI Bank always strive to enhance our customer’s convenience and make banking more accessible as well as hassle-free for them. This new facility aims to provide greater accessibility to our customers to their sanctioned loan amount and enables them to use it in a frictionless manner to meet their varied needs. Also, the card is another step forward in our endeavour to constantly harness the digital prowess of the bank to provide pioneering new facilities to our customers. We are delighted to be the first bank to implement this facility following the directive issued by the regulator. We believe that these new guidelines will make overdrafts more digital-friendly and make the overall experience of the end-customer hassle-free and quick.”

Speaking on the initiative, Mr TR Ramachandran, Group Country Manager, Visa, India & South Asia, said, “RBI’s directive allowing digital credentials for Overdraft Accounts has come at an opportune time as businesses attempt to bounce back from the pandemic. We are pleased to partner with ICICI Bank in launching this innovative Debit Card product linked to an overdraft account, which also forms an integral part of Visa’s endeavour to grow credit access in India. This product allows Visa cardholders the convenience to use their overdraft credit limit with ICICI for everyday purchases, across eCommerce and face to face merchants, seamlessly.”

Key benefits of the debit card include:

· Transaction limit: The card offers a maximum daily transaction limit of Rs. 3 lakh each for POS and online transactions.

· Digital card: The Bank provides a digital card to customers, which is made available on iMobile app within one business day.

· Automatic renewal: The card is automatically renewed upon renewal of the LAS account.

To know more on LAS and apply, visit: https://www.icicibank.com/Personal-Banking/loans/loan-against-securities/index.page?#toptitle

To know more on the debit card on LAS and read the FAQs, visit: https://www.icicibank.com/Personal-Banking/faq/loan/loans-against-securities-faqs.page?#toptitle>