ICICI Bank UK PLC, Germany branch has launched money transfer tracking service (Money2India Europe, Money2India.EU) in 20 European countries. The platform facilitates money transfer to India by allowing remitter to initiate money transfer instruction on M2E. The user then instructs his/her bank account to transfer money to ICICI Bank UK PLC, Germany branch. The user, with remitted accounts with some financial institutions, has an option to transfer money through payment gateway integrated with the platform. ICICI bank then converts the money to INR and sends it to bank account in India as specified by the customer. The Money2India Europe Mobile App intends to provide the remittance facility in more personalized way to the customers, who prefers to use mobile device to handle the transactions.
Up to six family members will be able to use this app with Family Sharing enabled.