ICICI Bank Canada, a wholly owned subsidiary of ICICI Bank Limited, has launched its mobile banking app, 'Money2India (Canada).' Customers from any Canadian bank can use this app to transfer funds to any bank in India at any time, without the need to register an account with ICICI Bank Canada. According to news agency PTI, users can send up to CAD 30,000 in a single transaction utilizing this service.
The Advantages of the Money2India (Canada) App
ICICI Bank Canada, a subsidiary of ICICI Bank Limited, has introduced the 'Money2India (Canada)' mobile banking app, which provides a user-friendly platform for clients from several Canadian banks to make quick and round-the-clock money transfers to any bank in India. Notably, users can send up to CAD 30,000 in a single transaction, increasing the app's versatility. This innovation simplifies cross-border transactions by eliminating the necessity for account opening, specifically with ICICI Bank Canada. The launch of the app demonstrates the bank's commitment to facilitating frictionless international financial transfers for a wider audience.
ICICI Bank Canada has introduced its mobile banking app, 'Money2India (Canada),' which allows Canadian users to transfer payments to any Indian bank 24 hours a day, seven days a week without opening an account.
ICICI Bank Canada, a wholly owned subsidiary of ICICI Bank Limited, has launched a mobile banking app called 'Money2India (Canada).' Customers from any Canadian bank can use this app to transfer funds to any bank in India at any time, without the need to register an account with ICICI Bank Canada. According to news agency PTI, users can send up to CAD 30,000 in a single transaction utilising this service.
The Advantages of the Money2India (Canada) App
ICICI Bank Canada, a subsidiary of ICICI Bank Limited, has introduced the 'Money2India (Canada)' mobile banking app, which provides a user-friendly platform for clients from several Canadian banks to make quick and round-the-clock money transfers to any bank in India. Notably, users can send up to CAD 30,000 in a single transaction, increasing the app's versatility. This innovation simplifies cross-border transactions by eliminating the necessity for account opening, specifically with ICICI Bank Canada. The launch of the app underlines the bank's commitment to making foreign fund transfers easier for a broader audience.
Customers from any bank in Canada can use their Visa or Mastercard debit cards to send money through the app. They can send money to India instantaneously with a single transaction limit of CAD 30,000 and a confirmed exchange rate. Additionally, ICICI Bank customers can use the app to make future-dated and recurring transfers to beneficiaries in India at a predefined frequency.
The 'Money2India (Canada)' app signals ICICI Bank Canada's entry into the Canadian remittance sector.
Security Features of the Money2India App
The software is safe and secure since it adheres to the most recent security standards for digital channels, as well as two-factor authentication using a dynamic One-Time-Password (OTP) as an added layer of security.
Mr. Sriram Iyer, Head International Banking Group, ICICI Bank, commented on the effort, saying, "We, at ICICI Bank, believe in leveraging the latest technology to bring in new and improved digital banking solutions to users of our products and services." We recognise the significance of smooth and dependable money transactions. The launch of the 'Money2India (Canada)' app demonstrates our dedication to offering users with a convenient and enhanced experience. We hope that this service will enable clients to easily send money to India in a safe and secure manner."
Additions to Existing Features
The software allows users to effortlessly add beneficiaries and make instant money transfers to them. Furthermore, the platform supports future-dated or recurring transfers, which caters to the requirements of ICICI Bank Canada customers who want to schedule transfers to India at specific intervals. This feature expands the app's functionality by giving users more options for controlling their fund transfers.
The programme not only allows users to quickly add beneficiaries, but it also allows for rapid money payments to them. Customers of ICICI Bank Canada can use the future-dated/recurring transfer tool to increase their flexibility. This feature enables users to arrange transfers to beneficiaries in India at predetermined intervals, accommodating a variety of demands and preferences. The combination of rapid transfers and planned options improves the overall convenience and efficiency of the 'Money2India (Canada)' software, providing users with a comprehensive solution for effortlessly handling cross-border transactions.
How to Send Money Using the 'Money2India (Canada)' App
Step 1: Get the 'Money2India (Canada)' app from the Play Store or the App Store.
Step 2: Register (new customers) or Login (current ICICI Bank Canada customers).
Step 3: Immediately add a beneficiary and enter a request to send money to India.
Step 4: Go over the request and confirm the OTP. The funds will be transferred to the beneficiary's account.
To send money via the app, go to the Play Store or App Store and search for 'Money2India (Canada)'.
