In a first-of-its-kind initiative, ICICI Bank has introduced a facility with which shoppers will have the ability to make UPI bills within the type of Equated Monthly Installments (EMI).
“We believe this facility provides immense convenience and improves affordability of our customers, as they can purchase high-value products on EMIs in a secure instant and digital manner,” Bijit Bhaskar, head-digital channels and partnership, ICICI Bank, mentioned in a commentary. statements.
Here is all you want to learn about this carrier:
(1.) It is for transaction quantities of greater than 10,000, and will also be availed the use of Pay Laterthe financial institution’s ‘purchase now, pay later’ carrier.
(2.) Customers should pay the overall quantity in simple installments of 3, six or 9 months.
(3.) For now, it’s to be had for the next classes: electronics, groceries, type apparels, shuttle, and lodge bookings.
(4.) To use this facility, one should scan the specified service provider QR code at a shop, make a choice EMI tenure, and make the fee.
(5.) The carrier shall be prolonged for on-line buying groceries as neatly, in step with ICICI.