ICICI Bank said that its customers will now be able to transact digital rupees by scanning the QR code of any merchant. In collaboration with UPI, the bank has enabled customers to conduct digital rupee transactions by scanning the merchant’s QR code. Read what is the complete news.
Customers of ICICI Bank, one of the big private banks, have now been given the facility to do transactions through digital rupee.
ICICI Bank said that its customers will now be able to transact using digital rupee by scanning the QR code of any merchant.
What is the name of the app?
To transact through Digital Rupee, ICICI Bank customers will have to download the app ‘Digital Rupee by ICICI Bank’. The bank, with the help of UPI, has given the facility to the customers that customers will be able to transact with digital rupee by scanning the QR code of the merchant.
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Merchant does not need to have Digital Rupee app
Let us tell you that it is not necessary that the merchant for whom you are making payment using QR code has a digital rupee app like you, but still that merchant can receive payment in digital rupee .
Pilot project started in December 2022
RBI had selected ICICI Bank to participate in the digital currency pilot project in December 2022. This facility of ICICI Bank is available in 80 cities of the country.
How to make payment through ‘Digital Rupee by ICICI Bank’ app?
- First of all, install ‘Digital Rupee by ICICI Bank’ app from your Play or App Store and log in.
- After this, click on the Scan QR option and scan the UPI QR code of the merchant.
- After this enter the amount and PIN.
- After entering the PIN, your transaction will be completed.
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Users can put money in digital wallet from savings account
The ‘Digital Rupee by ICICI Bank’ app allows users to load their digital wallet from their savings account. Where they can also transfer money or make payments to others. When the wallet balance gets low, the app automatically adds money from the customer’s savings account to the wallet.
