ICICI Bank has announced the launch of a combo prepaid card in association with the Uttar Pradesh State Road Transport Corporation (UPSRTC).
The card offers users the convenience of not having to pay cash for tickets, for every trip undertaken on a UPSRTC bus or buying paper passes for monthly or quarterly season tickets. Also customers can use this same card to shop online as well as at stores.
Benefits of the ICICI Bank combo prepaid card:
- Ease of travel on UPSRTC buses
- Wider acceptability at all VISA Point of Sale retail shops, malls and websites for cash-less shopping
- No requirement of minimum balance on the shopping card, shop till balance is zero
- No need to open a bank account to avail shopping card benefits
- Free SMS alerts on every transaction done through shopping card
- 24×7 customer care assistance for shopping card
- Secure and safe shopping transactions
Mr. Rajiv Sabharwal, Executive Director, ICICI Bank, said, “At ICICI Bank, we strongly believe in the ‘Khayal Aapka’ philosophy of keeping the needs of the customer as the focus of all our initiatives. As part of our constant endeavour to bring new, innovative offerings to our customers, we are delighted to partner with UPSRTC to introduce this first-of-its-kind card in the country, in Uttar Pradesh. This card will give commuters of UPSRTC greater convenience and ease of travel. We are confident that this initiative will go a long way in setting new benchmarks for efficiency and help in increasing electronic payments in the country.”
Whitepapers
Related reading
5 ways blockchain can change the cross-border payments landscape
Cross-border payments is a changing sector of the industry, driven by customers demanding little to no friction and encountering multiple steps, intermediaries ... read more
The SME technology revolution | video
The UK is home to 5.4m micro SMEs that have fewer than nine employees, according to the House of Commons library. They ... read more
JP Morgan blockchain network showcases banks’ DLT progress
JP Morgan’s expansion of its blockchain-based interbank payments project signals that major banks are stealing a march on disruptors and startups by ... read more
Security a priority for EU’s INATBA blockchain taskforce
The European Commission’s new blockchain initiative, the International Association for Trusted Blockchain Applications (INATBA), should focus on quashing extant security concerns around ... read more
