Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. Paytm has partnered with India's largest private sector lender ICICI Bank to launch virtual prepaid cards which can be used by wallet users at both offline and online stores for purchases. The development was first reported by the Economic Times. Speaking to the publication Paytm CEO Vijay Shekhar Sharma said that the 16-digit virtual card will be co-branded by both Paytm and ICICI Bank. He added that the virtual card can be accepted at any retail organization which accepts Visa, MasterCard and RuPay. The partnership will also allow users to recharge their wallet at any ICICI Bank branch via cash or cheques. It's interesting to note that rival wallet MobiKwik had partnered with ICICI Bank earlier this year to allow its wallet users to add cash at any ICICI Bank branch. Meanwhile, Paytm in October had inked an agreement with Bank of Maharashtra to allow the bank customers with their debit cards to recharge their Paytm wallets via ATMs. Payments at kirana stores via QR codes In October, Paytm launched a QR code-based payments in the Paytm Wallet app, which can be used by shopkeepers or service providers in order to accept digital payments. The QR code will contain Paytm account details of the merchants, while the buyer only has to enter the payment amount and approve the payment. ICICI Bank’s digital payments product Pockets also allows users to make cashless payments from their…
