{"id":501299,"date":"2021-07-06T07:56:40","date_gmt":"2021-07-06T06:56:40","guid":{"rendered":"https:\/\/ibsintelligence.com\/?p=501299"},"modified":"2021-09-21T12:11:12","modified_gmt":"2021-09-21T12:11:12","slug":"amazon-pay-icici-bank-credit-card-on-boards-over-two-million-customers","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/amazon-pay-icici-bank-credit-card-on-boards-over-two-million-customers\/","title":{"rendered":"Amazon Pay ICICI Bank credit card on-boards over two million customers"},"content":{"rendered":"<p><a href=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-129834 \" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543-300x300.jpg\" alt=\"Amazon Pay, ICICI Bank, credit cards, million, Visa, India\" width=\"175\" height=\"175\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543-300x300.jpg 300w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543-150x150.jpg 150w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543-100x100.jpg 100w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543-60x60.jpg 60w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543-90x90.jpg 90w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2020\/01\/AmazonPayLogo-543.jpg 543w\" sizes=\"auto, (max-width: 175px) 100vw, 175px\" \/><\/a><a href=\"https:\/\/www.icicibank.com\/\">ICICI Bank<\/a> and Amazon Pay today announced that the Bank has crossed the milestone of issuing two million \u2018Amazon Pay ICICI Bank&#8217; credit cards. In the process, the card has emerged as the fastest co-branded credit card to cross this milestone in the country.<\/p>\n<p>Amazon Pay and ICICI Bank introduced the card, powered by Visa, in October 2018. The card also holds the record of being the fastest co-branded credit card in India to cross the milestone of one million issuances in October last year. Thereafter, the card has on-boarded another one million customers in the last nine months, with over 80% of new customers availing the card completely digitally, without any physical interaction.<\/p>\n<p>The milestone is a testimony of the benefits that the card offers to the cardholders. The list of benefits include an always-on, unlimited reward programme, instant issuance of the card for select customers in less than 60 seconds, direct crediting of reward points to Amazon Pay balance and the contactless payment feature to help customers pay safe.<\/p>\n<p>In addition, ICICI Bank and Amazon Pay have been continuously adding features to the card to improve customer convenience. For instance, any registered customer of Amazon.in, including those who are not customers of ICICI Bank, can apply for the card digitally, from anywhere in the country. New customers can be on-boarded by ICICI Bank through a \u2018Video KYC\u2019 facility in a safe and contactless manner. This is among the first credit cards in India which introduced \u2018Video KYC\u2019 for customers in June 2020. Since then, the card has witnessed encouraging acceptance from across the country, majorly from cities including Delhi NCR, Mumbai, Pune, Bengaluru and Hyderabad. It is hugely popular among millennials and it witnesses maximum spends across online marketplaces, departmental stores and insurance premium payments.<\/p>\n<p>Mr. Sudipta Roy, Head \u2013 Unsecured Assets, ICICI Bank said, \u201cThe Amazon Pay ICICI Bank credit card has received exciting response from customers across the country. The best-in-industry rewards, seamless access to credit and the easy on-boarding process are the key contributors of this excitement. With the introduction of \u2018Video KYC\u2019 in June 2020, many new-to-bank customers applied for the card from various parts of the country, which significantly boosted the user base. In October last year, the card became the fastest co-branded credit card in India to cross the milestone of one million issuances. It has now become the fastest co-branded credit card to cross two million issuances, with the last one million cards issued in less than a year. More than 80% of these new customers availed the card completely digitally, without any physical interaction. We believe the card is well poised to become the largest co-branded credit card in the country.\u201d<\/p>\n<p>\u201cAt Amazon Pay, we are transforming the way customers\u2019 make digital payments. The Amazon Pay ICICI Bank credit card is one of the most rewarding, convenient and trusted payment experiences in the country. Over 2 million customers have shown their trust in us and how they value the experience. This card provides our customers another reason to choose Amazon Pay for all their shopping and payments needs\u201d, said Vikas Bansal, Director \u2013 Amazon Pay India.<\/p>\n<p>\u201cWe\u2019re delighted that the Amazon Pay ICICI Bank credit card powered by Visa has crossed two million cards, with the last one million cards issued in less than a year, despite the ongoing pandemic. This reinforces the belief that consumers prefer cards that give them great rewards and ease of payment. The card is used across a wide range of categories, demonstrating that consumers see value in using it for all their spends\u201d said Shailesh Paul, Head of Merchant Sales &amp; Acquiring and CyberSource, India and South Asia, Visa.<\/p>\n<p>Customers can apply for the Amazon Pay ICICI Bank credit card on the Amazon.in website or mobile app. They get a digital card in a 100% contactless and paperless manner. The physical card is also sent to the customer by ICICI Bank within a few days.<\/p>\n","protected":false},"author":16,"featured_media":129834,"parent":0,"template":"","categories":[11384],"tags":[11437,11404],"class_list":["post-501299","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-payments","tag-amazon","tag-india"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon Pay ICICI Bank credit card on-boards over two million customers<\/title>\n<meta name=\"description\" content=\"ICICI Bank and Amazon Pay today announced that the Bank has crossed the milestone of issuing two million \u2018Amazon Pay ICICI Bank&#039; credit cards.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/amazon-pay-icici-bank-credit-card-on-boards-over-two-million-customers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Pay ICICI Bank credit card on-boards over two million customers\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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