24 December 2016 Current Affairs: ICICI Bank has launched a mobile application, eazypay, for merchants, which includes all modes of payments, including digital wallets, Unified Payments Interface (UPI), QR code, and credit & debit cards.
The app is first of its kind that introduces an all-in-one acceptance platform formerchants. Eazypay is a one-stop solution for all merchants to collect payments from their customers.
It is designed for business to allow multiple users to connect to the same account. This makes it possible to be used for cash-on-delivery payments.
It is a mobile based application which allows to quickly raise an invoice so that customers can pay immediately through any convenient payment mode including Unified Payment Interface (UPI), Credit Card, Debit Card, Internet Banking or Pockets wallet.
ICICI Bank will be selling this to merchants in 2,300 towns and cities where it is present.