ICICI Bank is partnering with food ordering and delivery platform Swiggy to roll out two digital solutions that facilitate a hassle-free way for Swiggy’s delivery partners to transfer funds. The partnership enables UPI-based solution for instant fund transfers on-the-go and an option for facilitating cash deposits at automated CDMs available at ICICI Bank branches and ATM locations across the country. By integrating UPI, Swiggy’s delivery partners will have their own UPI handle (VPA) to which they can link their savings bank account and start transacting by using UPI-enabled apps like BHIM, ICICI Pockets, Google Tez, PhonePe and Paytm. ICICI Bank will credit Swiggy’s account instantly as well as send the delivery partner’s details to Swiggy, enabling it to update the collection against the delivery partner instantly. An immediate payment confirmation of the transfer of money is sent to the delivery partner as well. Swiggy’s delivery partners can visit the nearest ICICI Bank branch or an ATM location which is equipped with a CDM facility and deposit the money after a real-time authentication. The money gets instantly credited to Swiggy’s account and a confirmation of the transaction is sent to the delivery partner.
