ICICI Bank launches 'Trade Emerge', an online platform for Indian exporters and importers
Published By : Lelin Mallick | November 23, 2021 5:35 PM
Share
Mumbai, Nov 23: ICICI Bank today announced the launch of an online platform, ‘Trade Emerge’ (https://trade-emerge.icicibank.com), to offer comprehensive digital banking as well as value-added services to exporters and importers across India. The first-of-its-kind initiative makes cross border trade hassle-free, expeditious and convenient, as it offers an array of services in one place, which eliminates the need for companies to coordinate with multiple touchpoints. The list of banking services includes current / saving account offerings, comprehensive trade services (Letter of Credit / Bank Guarantee / Trade Credit etc.), digital solutions like Corporate Internet Banking and Trade Online, state-of-the-art foreign exchange solutions, payment & collection solutions and credit cards. The list of value-added services includes incorporation of trade business, access to global trade database of nearly 15 million buyers and sellers across 181 countries, verification reports of potential customers through reputed credit bureaus, logistics solutions for shipment booking and last mile tracking, and insurance services like marine insurance all available online through a single window, and many more. These services are offered through partners having expertise in their respective fields. Speaking on the initiative, Vishakha Mulye, Executive Director, ICICI Bank said, “Over the years, India has emerged as a key player in the global export-import space with a consistent growth history. Various factors-- the country’s young demography, strong consumer demand, healthy production and supportive government initiatives -- have contributed to the growth. During April to October 2021, our overall exports (merchandise and services combined) and imports are estimated to be nearly USD 780 billion, recording a rapid growth over the same period last year. The ‘Trade Emerge’ portal offers a comprehensive digital suite of various banking and value-added services to the companies engaged in export and import. The objective of this initiative is to increase efficiency and productivity of exporters and importers decongesting the time-taking physical procedures. This is a part of the Bank’s endeavour to offer customised digital banking as well as value-added solutions to corporates, and their entire ecosystem through various initiatives. The benefit of this platform is available to all exporters and importers, even if they are not customers of ICICI Bank.”
Prameya English Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
MCL holds strategic meet to strengthen coal quality
Regulatory failure never led to Jane Street’s illegal acts in India: Madhabi Buch
Jio adds highest 1.54 lakh new mobile subscribers in Odisha in May: TRAI data
World's Most Expensive Handbag: Jane Birkin's Hermès Bag Fetches $10 Million
HUL Makes History: Priya Nair Named First Woman CEO in Company's 92-Year Journey
Union Minister Rajiv Ranjan Singh unveils 17 new fisheries clusters at ICAR-CIFA, Bhubaneswar
Odisha honoured by Agriculture Today for best agricultural practices
Over 57% of Odisha Yatri users are women
IBCS Organises FDP on India's Growth and Economic Challenges
Odisha tops in private investments, says Industries Minister Sampad Swain
Google Launches AI Mode in Search Across India, English Only for Now
Google launches AI mode feature for all users in India
JSW Steel’s Narayanposhi Mines honoured with 5-star award
Titan Shares Plunge: Jhunjhunwala Family Loses Rs 900 Crore as Tata Stock Hits 52-Week Low
Jindal (India) gets nod for ₹3,600 Cr greenfield steel plant in Odisha
Odisha govt. revokes restrictions on delinked HDFC, Axis and ICICI Banks
RBI led ' HDFC Bank Currency Chest' floats Mega Coin Mela at Puri Grand Road ahead of Bahuda Yatra
Microsoft Manager Laid Off After 25 Years Shares Bittersweet Farewell in Viral LinkedIn Post
Foxconn Recalls Chinese Engineers from India, Threatens Apple iPhone 17 Production