ICICI Bank and Amazon Pay announced that the Bank has crossed the milestone of issuing two million ‘Amazon Pay ICICI Bank’ credit cards. In the process, the card has emerged as the fastest co-branded credit card to cross this milestone in the country. Amazon Pay and ICICI Bank introduced the card, powered by Visa, in October 2018. The card also holds the record of being the fastest co-branded credit card in India to cross the milestone of one million issuances in October last year. Thereafter, the card has on-boarded another one million customers in the last nine months, with over 80% of new customers availing the card completely digitally, without any physical interaction.
The milestone is a testimony of the unique benefits that the card offers to the cardholders. The list of benefits includes an always-on, unlimited reward program, instant issuance of the card for select customers in less than 60 seconds, direct crediting of reward points to Amazon Pay balance and the contactless payment feature to help customers pay safe.
In addition, ICICI Bank and Amazon Pay have been continuously adding features to the card to improve customer convenience. For instance, any registered customer of Amazon.in, including those who are not customers of ICICI Bank, can apply for the card digitally, from anywhere in the country. New customers can be on-boarded by ICICI Bank through a ‘Video KYC’ facility in a safe and contactless manner. This is among the first credit cards in India which introduced ‘Video KYC’ for customers in June 2020. Since then, the card has witnessed encouraging acceptance from across the country, majorly from cities including Delhi NCR, Mumbai, Pune, Bengaluru and Hyderabad. It is hugely popular among millennials and it witnesses maximum spends across online marketplaces, departmental stores and insurance premium payments.
Mr. Sudipta Roy, Head – Unsecured Assets, ICICI Bank said, “The Amazon Pay ICICI Bank credit card has received exciting response from customers across the country. The best-in-industry rewards, seamless access to credit and the easy on-boarding process are the key contributors of this excitement. With the introduction of ‘Video KYC’ in June 2020, many new-to-bank customers applied for the card from various parts of the country, which significantly boosted the user base. In October last year, the card became the fastest co-branded credit card in India to cross the milestone of one million issuances. It has now become the fastest co-branded credit card to cross two million issuances, with the last one million cards issued in less than a year. More than 80% of these new customers availed the card completely digitally, without any physical interaction. We believe the card is well poised to become the largest co-branded credit card in the country.”
“At Amazon Pay, we are transforming the way customers’ make digital payments. The Amazon Pay ICICI Bank credit card is one of the most rewarding, convenient and trusted payment experiences in the country. Over 2 million customers have shown their trust in us and how they value the experience. This card provides our customers another reason to choose Amazon Pay for all their shopping and payments needs”, said Vikas Bansal, Director – Amazon Pay India.
“We’re delighted that the Amazon Pay ICICI Bank credit card powered by Visa has crossed two million cards, with the last one million cards issued in less than a year, despite the ongoing pandemic. This reinforces the belief that consumers prefer cards that give them great rewards and ease of payment. The card is used across a wide range of categories, demonstrating that consumers see value in using it for all their spends” said Shailesh Paul, Head of Merchant Sales & Acquiring and CyberSource, India and South Asia, Visa.
Customers can apply for the Amazon Pay ICICI Bank credit card on the Amazon.in website or mobile app. They get a digital card in a 100% contactless and paperless manner. The physical card is also sent to the customer by ICICI Bank within a few days.
Key features of the Amazon Pay ICICI Bank credit card include:
- Lifetime free credit card with no joining or annual fee
- Offers unlimited reward points on card spends based on the category of spends
- Amazon Prime members earn 5% reward points and all other customers shopping on Amazon.in earn 3% reward points
- Offers 2% reward points for spends on digital categories on Amazon.in, like bill payments, recharges, add money to Amazon Pay balance, travel & movie bookings
- Also offers 2% for spends on Amazon Pay merchants, e.g. Swiggy, Bookmyshow, Yatra, and many more
- Provides 1% reward points for spends on any merchant location in the country where Visa cards are accepted. Customers also get fuel-surcharge waiver and no cost EMI offers on a large selection. No earnings on fuel, EMI transactions and gold purchases.
- One reward point is equal to one rupee and there is no upper limit on reward points that can be accumulated
- Reward points do not expire and can be redeemed from over 16 crore products on Amazon.in and other merchants that accept payments though Amazon Pay
- The card can be used at more than 4 million merchant locations in India – everywhere you shop
The reward earnings are credited monthly, after the billing cycle date of the card to the customer’s Amazon Pay balance. They can redeem these earnings to purchase from more than 16 crore items available on Amazon.in across. The reward earnings can also be used with Amazon Pay partner merchants for transactions like flight tickets, booking hotels, food delivery, movie tickets and much more.
Nepal to Get Realme’s ‘Make in India’ Smartphones Soon
Realme has announced that it would begin exporting smartphones to Nepal in Q3, 2021. With localization and innovation at its core, realme sees Nepal as a critical market and will expand its presence in the Nepal smartphone market in order to meet consumer needs. Realme following their core strategy wants to democratize the most cutting-edge technology of smartphones and AIOT products in Nepal and make them available in all price segments for consumers.
With this business development, Madhav Sheth, currently the Vice President, realme and CEO, realme India and Europe, will also be spearheading the brand’s presence and business operations in Nepal and will continue to lead the India & Europe growth story for realme. With Madhav’s intelligence today realme is Top 4 in India, Czech Republic and Greece and realme has become the top 5G smartphone brand in India with a 23% share in Q2 2021 and is the fastest brand to reach 50 million cumulative smartphone shipments in India, according to Counterpoint Research.
Commenting on the announcement, Mr. Madhav Sheth, Vice President, realme and Chief Executive Officer, realme India and Europe said, “It is yet another feather in the cap of realme’s remarkable journey and an immensely proud moment where realme will be exporting ‘Make in India smartphones to our neighbour Nepal. Adding to this we will also be exporting our AIOT products very soon. We have received great success in India and will look forward to receiving a similar achievement in Nepal where we are providing our latest and innovative products at democratized prices. Our aim is to be among the TOP 2 smartphone brands in Nepal by 2022. As I embark on this newly added role to lead realme’s Nepal operations, I am really thrilled and looking forward to bringing fantastic realme products to Nepal users’ ‘.
Realme aims to make technology accessible to everyone and has been offering smartphones in every price segment from mid-range to premium in Nepal. This development reinforces realme’s ambition to expand further into the world’s burgeoning smartphone market, helped by cutting-edge technology, creative products, and exceptional customer service.
In the global smartphone market, realme grew by 135% YoY and 17% QoQ in Q2 2021 as per Counterpoint, crossing cumulative shipments of 100 million smartphones.
LG Becomes ‘Most Desired TV Brand’ In India In 2021
LG Electronics has once again been recognized for its innovative design, upgraded performance and unparalleled, life-like picture quality delivered through its TVs. Previously LG TVs have been awarded as the Most Trusted in 2019 and 2020, and this year, LG has been acclaimed as the ‘Most Desired Brand’ for TVs, in Trust Research Advisory (TRA)’s India’s Most Desired Brands 2021 Report, an independent syndicated study conducted with 2,000 consumer influencers released by the TRA Research (formerly known as Trust Research Advisory). It has also been honored with 2021 CES Innovation Awards, receiving praise on an international platform.
LG TVs were ranked No. 1in India in their respective categories, in the study that spanned across 16 Indian cities, amongst 3000 unique brands across industries and categories, out of which 1000 top brands were listed in the report.
The report is a result of primary research with consumers and other stakeholders based on TRA’s proprietary 36-attribute Brand Desire Matrix. The report assists business decisions and gives brand insights on solutions to consumer behavior. TRA Research is the publisher of TRA’s Brand Trust Report and of India’s Most Desired Brands. TRA’s Brand Trust Report also provides Competitive Intelligence Reports mined from its 11 million data points on brand intangibles of 20,000 brands.
Commenting on the occasion, Mr. Hak Hyun Kim, Director – Home Entertainment, LG Electronics India said, “To be endowed with such a high honor for three consecutive years validates our strong commitment towards the Indian market. The kind of immense recognition we have gained is truly inspiring and constantly drives us in the direction of innovating better with each upcoming product for our buyers. Our collection of TVs offer great diversity that is suitable to all kinds of consumer groups, without compromising on quality and ultra-modern features. We have always placed our focus on understanding the needs and desires of Indian consumers in great detail and we persistently strive to adapt and adept.”
“LG has always aimed at undertaking original yet, responsible inventions that are in tandem with consumer aspirations and benefits, and this has undoubtedly helped us gain support and confidence of the Indian market,” he added.
N. Chandramouli-CEO, TRA Research said, “To lead in consumer desire in a category as competitive as televisions comes only when the innovations meet and exceed customer expectations. This achievement of LG by becoming India’s Most Desired Television Brand shows the deep impact that the brand has on the consumer and shows brand LG’s ability to arouse the audiences’ interest and create a magnetic pull towards itself. TRA congratulates LG on leading the TV category in India.”
The pandemic confined everyone within their homes which consequently made TV the primary mode of entertainment. Consumers began to look for something that is more than just a display device and focus soon shifted on technical details, modern technology, and up-to-date features. The wide range of televisions offered by LG catered to the changing demands, thereby making it the perfect choice for watching movies, Sports & Playing Games.
LG is always leading in Display technologies for the past years via OLED display. The LG OLED TVs comes with self-lit pixels technology. It produce infinite contrast and perfect blacks for an enhanced viewing experience. It takes entertainment to the next level – equipped with Dolby Vision IQ and Dolby Atmos.
The whole new range of 8K and 4K LG OLED TVs are not only designed to deliver stunning picture quality but it also provide artificial intelligence-enabled features & latest Gaming Support.
Airtel Customers Can Now Purchase Kaspersky Security Solutions on Thanks App
Global cybersecurity company Kaspersky has partnered with Bharti Airtel (“Airtel”) – India’s premier communications solutions provider, to ensure instant security for internet users in India.
The collaboration between the two companies will allow Airtel customers to purchase Kaspersky Total Security solution directly from the Airtel Thanks app in a matter of few clicks. What’s more! Airtel customers also enjoy exclusive deals on these advanced solutions from Kaspersky.
Airtel customers simply need to download the latest version of Airtel Thanks app> Go to ‘Shop’ section> Go to lifestyle offers> Click on the Kaspersky banner and get started. Airtel Thanks also enables seamless payments through cards, net banking and UPI.
The alliance is formed with the aim to increase the cybersecurity awareness amongst Indian internet users and encourage them to practice cyber safety in the wake of growing cyberthreats.
Cyberthreats are constantly evolving and cybercriminals in the past 2 years have been actively targeting internet users in India. In the first quarter of 2021 Kaspersky products detected 37,650,472 different Internet-borne cyberthreats. Mobile users are also at risk as cybercriminals are constantly targeting them for financial gains, as well as to obtain important private data. Mobile threats in India have drastically increased since 2019 and are becoming more targeted and sophisticated in nature. India ranked 7th amongst the countries attacked with Mobile Threats in 2020.
The top mobile threats targeted at the smartphone users globally were, Adware which topped the list with 57% (3,254,387 detections).Talking about the other threats, the number of backdoors detected almost tripled from 28,889 in 2019 to 84,495 in 2020. The number of detected Android exploits increased seventeen fold, and the number of Trojan- Proxy threats had increased by twelve times. Kaspersky solutions detected 156,710installation packages for mobile banking Trojans in 2020, which is twice the number of attacks detected in 2019. However, a decline in ransomware trojans was witnessed as we found 20,708 installation packages for ransomware Trojans in 2020, a decrease of 3.5 times as compared to the previous year.
Eugene Kaspersky, CEO of Kaspersky, said: “We’re very much looking forward to supporting Bharti Airtel, the leading global telecommunications company and one of the biggest mobile service providers, in its goal to protect their users, create a more secure internet, and build a safer digital world together with Kaspersky. I’m convinced that this partnership will further contribute to establishing Airtel as an innovational pioneer and a leader in its industry.”
Pradipt Kapoor, CIO, Bharti Airtel said: “As customer lifestyles become increasingly integrated with digital platforms, it becomes paramount for all of us to secure these journeys with the right solutions. Airtel is working round the clock to deliver a secure network experience through world-class infrastructure and partnerships. We are delighted to partner with Kaspersky and make their solutions easily accessible for Airtel customers, who can purchase and install these in a matter of minutes and enjoy complete peace of mind.”
“Malicious apps, to spyware, mobile banking trojans, adware, phishing attacks, ransomware attacks, etc, are some of the most risky threats that a smartphone user has to be safe and secure from at all times. In a time when data privacy has become one of the most supreme criteria of our lives, smartphones become the greatest and most important source of our personal and sensitive data. Keeping this in mind, protecting our phones from the various online threats should be our highest priority. The first and the easiest step towards practicing cyber safety is by installing a reliable security solution to our devices. Increasing our cyber maturity and being aware of the constantly evolving threats is also the responsibility of an online user, in order to protect themselves from the nefarious cybercriminals”, said Mr. Dipesh Kaura, General Manager, Kaspersky (South Asia).
Mr. Dipesh added, “Our association with Airtel is not only a strategic business partnership for us, but is also an important collaboration in order to increase cyber awareness amongst the growing number of smartphone users, who also may be potential targets of cybercriminals. With an affordable and accessible internet connection available today, we have opened our gates to a great digital future, and we have taken yet another step towards securing this digital future with the help of Airtel. We look forward to our association with them, and hope to instil an increased sense of cyber awareness amongst Indian users as much as possible”.
Through this association with Airtel, Kaspersky looks forward to a positive reaction from the users, and hopes to encourage them to take a step forward towards securing themselves. Both the companies are trying to ensure instant security to the users and contribute towards making Digital India a lot more safe and secure.
Consumers can now conveniently avail of Kaspersky Total Security solution on the Airtel Thanks app and move closer to achieving cybersecurity.
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