ICICI Bank has launched a number of banking applications called iWear for smartwatches which offer transactional and informational services for the bank's customers. The iWear application is currently available for Android and Tizen watch users and can be downloaded from the Google Playstore The application will also be available for Apple smartwatches as soon as the products hit shelves worldwide, the bank added. For wearables on Android, the application allows ICICI Bank customers to check their savings, current and credit card accounts, view last three transactions of savings and current account and recharge prepaid mobiles from the smartwatch. Apple Watch users, in addition to checking their accounts and credit card balances, will also be able to recharge prepaid mobiles, pay bills, locate ATMs and branches and get personal offers. It's also worth noting that rival HDFC Bank has also said that it will be getting a banking application for smartwatches. Broadcaster NDTV also says that it will be getting out an application for the Apple Watch on April 24. How it works - iWear will have to be paired with an app on the customer's smartphone and is connected via Bluetooth. Note that the application on the smartwatch will not work if the phone is not in range or runs out of charge. - Customers will have to enter their registered mobile number in the application on the mobile phone and enter a four digit login pin of their choice. - Customers will then receive a six digit OTP on their registered mobile…
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