ICICI Bank has launched a new instant credit card that allows customers to make purchases without the use of a physical card.
The new facility from the Indian private sector bank allows customers to choose from a suite of credit cards and instantly receive a credit card number and other important details online.
Credit cards available include the bank's gemstone collection of Coral, Rubyx & Sapphiro; Ferrari Signature & Platinum cards and Unifare cards for metro transit services.
The facility is currently available through the bank's internet banking platform, but will also be available on its mobile banking application iMobile.
Customers can also make in-store payments using Samsung Pay.
Anup Bagchi, executive director at ICICI Bank, said: “At ICICI Bank, our philosophy is 'Ready for you. Ready for tomorrow', herein we are committed to offer innovative products and services to our customers at the fastest possible speed and with the highest level of convenience.
“The introduction of instant credit cards is an outcome of this vision.
“With the festive season just around the corner, there will be many interesting offers with online partners in various categories like shopping, travel and entertainment among others.
“We believe that this unique proposition, which is [the] first of its kind in the industry, will empower our customers to instantly get the credit card online in a few steps and immediately start transacting on e-commerce sites to take advantage of the offers.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Rob Lankey to join Shawbrook as director of commercial investment
Shawbrook has announced that Rob Lankey (pictured above) will join as its new director of commercial investment at the end of February...
Secure Trust Bank ceases new mortgage lending
Secure Trust Bank has revealed that it has ceased new mortgage lending...
Starling Bank announces three new partnerships
Starling Bank has expanded its banking services offering with the introduction of three new partners...
Mortgage advisers forecast almost no growth in business levels in Q1
Mortgage advisers expect business growth of only 0.1% in in Q1 2019, according to recent research...
Fidor partners with Finn AI to launch AI-powered chatbot for banks
Digital banking group Fidor has partnered with banking technology provider Finn AI to launch a new AI-powered chatbot for banks...
Tesco Bank cuts mortgage rates
Tesco Bank has reduced rates across its residential mortgage range...
Zopa appoints new chairman
Zopa Group has appointed Gordon McCallum (pictured above) as its new non-executive chairman, while Giles Andrews will step back from his group chairman role, but remain on the board...
Starling Bank raises £75m to fund global expansion
Starling Bank has raised a total of £75m to fund its global expansion, which is due to start in Europe...
Redwood Bank names new director
Redwood Bank has appointed Leon Marklew (pictured above) as its new director of strategy, products and marketing...
Banks need to unite to redefine their social purpose
We are currently seeing a shift in momentum in how people view the role of the banking sector. We have seen non-governmental organisations and customers campaigning for banks to play a role in the move towards a more sustainable world...
Aldermore offers free standard valuations on high LTV purchase-only range
Aldermore is now offering free standard valuations on its high LTV purchase-only products, with no product fees...