Headquartered Mumbai ICICI Bank again marked its digital advancement by becoming the first institution worldwide to launch mVisa – a card-less and device-less solution friendly with mobile space.
- It is developed by Visa International in India
- It is interoperable which means that the merchant who is having mVisa network of one bank can able to accept payments from the other banks having that network.
STEPS TO FOLLOW
- mVisa application is consolidated in ICICIs Pockets app.
- It will allow payments to be made by scanning a static QR code and entering the amount.
- After this ATM pin is required which will followed by instant transfer of money to merchant account.
In mVisa the payment will be initiated by the customer who enters the details which reduces the chances of fraud.
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