ICICI Bank has yet again partnered with food delivery platform Swiggy and supported it to launch a digital wallet. The wallet is called as Swiggy Money and it will facilitate single-click buying experience on the food aggregator platform.
Customers will be able to store money in the wallet that is backed by ICICI Bank and can use it for all food orders. Also, the use of ‘Swiggy Money’ payment option will let the customers enjoy instant refunds and easy checkouts on orders. It will ensure hassle-free payment processing and no payment failures.
All existing ICICI Bank customers can instantly access the Swiggy Wallet. The non-ICICI Bank customers however need to provide a valid ID to ICICI Bank to access the wallet. Upon verification of the customer, the wallet will be instantly available.
The users can also top-up wallet using a banking instrument of their choice. The cash in the wallet will ensure single click order placement. The hassle of multiple authentications will do away now.
For instances, wherein the wallet has insufficient money in the wallet, customers will get an option to ‘split-pay.’ They can make part payment through their wallet and the balance through other payment instruments.
This is ICICI bank’s third partnership with Swiggy. Last year, Swiggy had launched a UPI led payment solution with ICICI Bank for its delivery partners. Then they also introduced UPI-led instant one-click payment the end customers.
Swiggy is a food delivery unicorn with presence in 500 cities across the country.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.
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