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ICICI Bank introduces InstaFX app

ICICI Bank has launched a new mobile application for authorized money changers to help customers of any bank get ‘ICICI Bank Forex Prepaid Card’ swiftly. Called ‘InstaFX’, the app enables the authorized money changers, who are partners of the bank, to complete the KYC verification and validation of customers digitally and on a real-time basis. This facility significantly improves customer convenience as the ‘ICICI Bank Forex Prepaid Card’ gets activated swiftly within a few hours, as against the industry practice of up to 2 days. ICICI Bank is the first bank in the country to offer such a facility to money changers. Sudipta Roy, Head- Unsecured Assets, ICICI Bank said, the bank has always leveraged technology to introduce a slew of convenient and digital retail products that can be availed quicker than their available counterparts in the industry. InstaFX is yet another addition to the series of such products and offerings, he added. The app enhances the convenience of customers, even if they are not customers of the bank, as it facilitates swift activation of the ‘ICICI Bank Forex Prepaid Card’.


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