ICICI Bank Ltd.

ICICI Bank, India’s largest private sector bank, is planning to introduce the NFC (Near Field Communication) based credit and debit cards in Indian markets. The NFC technology will make it super easy and fast to make payments - without having to swipe or dip your cards at the POS machines at malls and shops. All the customer will need to do is just bring a card very close (2cm) to the point of sale machine in order to make the payment. The bank will introduce these cards in Mumbai, Delhi and Hyderabad and has already tied up with 200 merchants that include shops and restaurants.

ICICI Bank is India’s largest private sector bank. ICICI Bank’s subsidiaries include India’s leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank’s presence currently spans across 18 international locations.