ICICI Bank has entered into a partnership with e-commerce and mobile wallet company Paytm to offer small interest-free loans up to Rs 20,000 to customers who are common to both Paytm and the bank. This would help bring more credibility and trust and, at the same time, expand the market by bringing in more competition.
ICICI Bank is the first bank in the country to leverage on Apple’s virtual voice assistant to enable cross border remittances.