Categories: Banking

ICICI Bank launches ‘InstaFX’ mobile app

ICICI Bank has launched a new mobile application ‘InstaFX’ for authorised money changers to help customers of any bank get ‘ICICI Bank Forex Prepaid Card’ swiftly. ICICI is the bank is the first in the country to offer such facility to money changers. A money changer is a person or organization whose business is the exchange of coins or currency of one country, for that of another.

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About ‘InstaFX’ app:

  • The ‘InstaFX’ app will enable the authorised money changers, who are partners of the Bank, to complete the KYC verification and validation of customers digitally and on a real-time basis.
  • The ‘ICICI Bank Forex Prepaid Card’ gets activated swiftly within a few hours, as against the industry practice of up to two-days, thus it will significantly improve customer convenience, even if they are not customers of ICICI bank.

Important takeaways for all competitive exams:

  • ICICI Bank Headquarters: Mumbai, Maharashtra.
  • ICICI Bank MD & CEO: Sandeep Bakhshi.
  • ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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