ICICI Bank launches 'Trade Emerge', an online platform for Indian exporters and importers
Published By : Prameya News Bureau | November 23, 2021 IST
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.”
News7 Is Now On WhatsApp Join And Get Latest News Updates Delivered To You Via WhatsApp
You Might Also Like
More From Related News
RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy
Parveen Verma appointed as CEO, TPWODL
Apple ecosystem is one of the leading employment generators in India: Vaishnaw
Internet subscribers reach 936.16 million in India, telephone subscribers cross 1.19 billion: TRAI
BharatPe launches India's first all-in-one payment device
Aston Martin launches new sports car 'Vantage' at Rs 3.99 cr in India
India's first all-in-one payment device launched
Ola becomes 1st to launch ride-hailing operations at Ayodhya Airport
Reliance Industries becomes first Indian company to cross Rs 1 lakh crore threshold in pre-tax profits
Govt bonds worth Rs 32,000 crore to be auctioned on April 26
Travel searches for Ayodhya, Ujjain, Badrinath increased: Report
Entrepreneurship is just a state of mind: Narayana Murthy
Experience unparalleled features with realme NARZO 70 5G & NARZO 70x 5G
Most sectoral indices in the green, small caps outperform
Zomato hikes mandatory platform fee by 25pc
Direct tax collections shoot past budget target by Rs 1.35 lakh cr in 2023-24
Direct tax collections shoot past budget target by Rs 1.35 lakh cr in 2023-24
Earnings season, global cues to shape market trends
Tesla cars to soon have an integrated X experience: Elon Musk
EPFO adds 15.48 lakh net members in Feb as employment rises