Very Recently biggest private industry loan provider ICICI Financial institution together with Tech Mahindra released a transaction support ‘Tap-n-Pay’ based on the near-field communications (NFC) technology, allowing clients make over-the-counter expenses without using money. It can be used for vendor expenses by merely hitting a NFC-enabled cell phone or a tag on the reverse.
With growing modernization the work is getting simpler and easier. Banking being one of the vital part human lives cannot be expected to stay back. Taking revolution to a whole new level and diversifying the outlook of banking, ICICI Banks have introduced new integrated phone based banking service called “Pockets”. With the sole purpose of bringing mob-banking to a very different level, country’s first digital bank has been launched.