Shares of ICICI Bank fell 1.24% to Rs 743.65 in late trades.
New Delhi: Private sector lender ICICI on Tuesday launched ‘Trade Emerge’ online platform to provide digital and value-added banking services to exporters and importers across the country. . “The initiative makes cross-border trade uncomplicated, fast and convenient, as it offers a wide range of services in one place, eliminating the need for companies to coordinate with multiple hubs contact,” ICICI Bank said in a statement.
The list of banking services includes providing current savings accounts, merchant services, digital solutions, foreign exchange solutions, payment solutions, collection and credit cards.
The lender also mentioned that value-added services include commercial business matching, access to a global trade database of nearly 15 million buyers and sellers across 181 countries, the report said. Lead verification through reputable credit bureaus, logistics solutions for order and last mile tracking and online insurance services through a single window and more.
Vishakha Mulye, Managing Director, ICICI Bank said, “Over the years, India has emerged as a key player in the global import and export space with a history of consistent growth. April-October 2021, our total exports (goods and services combined) and imports are estimated at nearly $780 billion, rapidly increasing year-on-year.”
ICICI Bank adds that the ‘Trade Emerge’ portal provides a comprehensive digital suite of various banking and value-added services for companies engaged in import and export.
Shares of the private lender fell as much as 1.24% to Rs743.65 in late trades.
