Tuesday, 23 July 2013

ICICI Bank gains on tying up with Movida for mobile payments service

ICICI Bank is currently trading at Rs. 987.40, up by 12.65 points or 1.30% from its previous closing of Rs. 974.75 on the BSE.

The scrip opened at Rs. 987.00 and has touched a high and low of Rs. 990.50 and Rs. 982.35 respectively. So far 11,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1236.90 on 28-May-2013 and a 52 week low of Rs. 876.50 on 05-Sep-2012.

Last one week high and low of the scrip stood at Rs. 1034.70 and Rs. 955.15 respectively. The current market cap of the company is Rs. 1,13,973.00 crore.

The Institutions and Non-Institutions held 62.22% and 8.62% respectively.

ICICI Bank, the country’s private sector lender has tied-up with Movida, the mobile payments joint venture between Visa Inc and Monitise, to utilize mobile payments service for the Bank’s customers. This service will enable ICICI Bank payment card holders to pay bills, recharge prepaid airtime and buy cinema tickets from their mobile phone, anywhere, anytime. It will be possible to access Movida either through a menu-based USSD mobile technology, or an Interactive Voice Response (IVR) in multiple languages. These options make the service easy to use and are widely available from any type of mobile phone, including basic models.

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