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ICICI Bank, the privately owned Indian bank, unveiled two mobile payments initiatives in August and September.
In September, ICICI launched the mChq mobile payment service with telecommunications company Bharti Tele-Ventures and Visa International, which enables ICICI Bank Visa cardholders to make purchases with their Airtel mobile phones. Airtel is a brand of Bharti Tel-Ventures, one of India's leading mobile operators, and had over 12 million subscribers by the end of June.
The service will initially be...