ICICI PayLater account is a kind of digital credit product. Under this service, you can first spend and pay for it later.
New Delhi. If you are a customer of ICICI Bank, then there is news of work for you. Actually, ICICI Bank is providing interest free loans to its customers for a period of up to 30-45 days. The bank has named this service as ICICI PayLater. ICICI Pay Later Account is a one-of-a-kind digital credit product. Under this service, you can first spend and pay for it later.
Who gets the facility of ICICI PayLater
This service is available to ICICI Bank customers. You can activate this service through ICICI’s iMobile app, Pockets app or Internet Banking. Once this account is activated, you will get a UPI ID and a Pay Later Account Number at pl.mobilenumber@icici. The special thing is that apart from UPI, this credit service can also be used through NetBanking.
Users of ICICI PayLater can also make payments to nearby shopkeepers. Users of ICICI PayLater can also shop
Through it at grocery stores around them. Through this, you can make payment by scanning the UPI QR Code.
Payment with ICICI PayLater Payment
can be made through Pay Later account only to merchants who accept payments through UPI or ICICI Internet Banking. It is worth noting that through UPI technology, you can make payments to big online merchants like Amazon, Paytm, Mobikwik, Future Pay, Flipkart, PhonePe etc. At the same time, many big and small online merchants can pay through ICICI NetBanking by selecting ICICI Paylater.
Can’t do person to person fund transfer
One thing to note is that you cannot pay credit card bills or transfer person to person (P2P) funds through a Pay Later account.
