ICICI Bank launches ‘InstaFX’ mobile app to help customers obtain Forex Prepaid Card swiftly

ICICI Bank has launched a new mobile application ‘InstaFX’ for authorised money changers, on January 20, to help customers of any bank get ‘ICICI Bank Forex Prepaid Card’ swiftly.
ICICI is the bank is the first in the country to offer such facility to money changers.
A money changer is a person or organization whose business is the exchange of coins or currency of one country, for that of another.
The ‘InstaFX’ app will enable the authorised money changers, who are partners of the Bank, to complete the KYC verification and validation of customers digitally and on a real-time basis.
The ‘ICICI Bank Forex Prepaid Card’ gets activated swiftly within a few hours, as against the industry practice of up to two-days, thus it will significantly improve customer convenience, even if they are not customers of ICICI bank.