iCASH is India’s leading semi-closed loop prepaid wallet for payments on the Internet and for domestic money remittance.
iCASH is issued by GI Technology Private Limited (GIT) further to a license granted to GIT by the Reserve Bank of India (RBI). GIT is a member of the Great Indian (GI) Retail Group, established in 2007 to enable the common man to benefit from the advent of low-cost travel, retail and financial services offerings on the Internet.
iCASH is designed to enable Indian consumers to use cash for online purchases and for sending money to friends and family through a safe and easy-to-use digital wallet without compromising privacy and security.
Today, iCASH is not only the most commonly used prepaid payment method on the website of Indian Railways (IRCTC), India's leading e-commerce site, but iCASH was also the most commonly used payment instrument for domestic remittances on IMPS in 2014.
iCASH enables consumers to pay at thousands of India’s leading e-commerce sites, including IRCTC, eBay, Flipkart, SnapDeal, AirAsia and GetMyTrip as well as at leading Indian online bill presentment service providers and utilities companies.
iCASH wallets are being distributed and can be recharged with cash at more than 100000 retail agents across India. Further iCASH wallet can be topped up at leading banks through special pay-in slips and also through the icashcard.in website or by mobile using common internet and mobile payment options.