Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : ICICI Ltd - (Nyse: IC) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (376)	3/14/2000 11:37:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 494

ICICI Group Announces the Arrival of m-Commerce With Orange and AirTel MUMBAI, India--(BUSINESS WIRE)--March 14, 2000--ICICI Bank Limited, the banking subsidiary of ICICI Limited (NYSE: IC - news and IC.d - news), today launched mobile commerce (m-Commerce) services for its customers in a tie-up with Orange, the cellular services provider in Mumbai. The tie-up will allow Orange subscribers who are also ICICI Bank account holders and/or ICICI credit card holders to track their personal finances while on the move. ICICI will also simultaneously launch this service in Delhi in a tie-up with Airtel - the cellular services provider in Delhi. For the first time in India, ICICI has extended m-Commerce services to the ICICI credit card holders apart from the bank customers. ICICI would also be launching demat accounts related services to its customers shortly. m-Commerce services will soon have the capability to be extended to offer information on a customer's investment and loan portfolios as well. With this launch ICICI Group, the leader in technology banking and e-commerce in India, is now offering its customers the next frontier of technology - m-Commerce. In future these services will go beyond just mobile banking to a level where the hand-held device can be used for undertaking a variety of commercial transactions, making it a true m-Commerce. The ICICI m-Commerce proposition will be built up in two phases. In the first phase, a ``query module' is being made available to all banking and credit card customers of ICICI. The system will be able to handle banking queries such as balance update, request for a cheque-book, details of last 3 transactions and request for statements by mail or fax. Similarly, ICICI credit card holders will be able to get information about outstanding balance, available cash / credit limits, see payment status/ amount due information and see the last three transactions. In the second phase, ICICI Group will add a ``transactions module' to the query module, which will enable an ICICI Customer to manage his personal finance needs including the ability to instruct own account funds transfer and make bill payments. Besides providing information and transactions on request, ICICI's m-Commerce services will also flash ``alerts' to the customer in future. Based on built-in business rules, the alerts will be flashed at various trigger points such as on reaching a certain level of debit/credit, outstanding amount etc. At the first level, ICICI will support the existing mobile service providers' Short Messaging Service (SMS) capabilities, while ensuring complete security of data transfer. ICICI plans to provide WAP enabled services with the mobile service providers at a later stage. To enjoy the facilities of m-commerce, all the customer needs to do is to register for m-commerce, using a simple form that is available at all ICICI Bank branch locations, in Mumbai. biz.yahoo.com