ICICI Bank Launches ‘Trade Emerge’ – An Online Platform for Indian Importers and Exporters
Current Affairs Milkyway Blogs 02-Dec-2021 Comments (6) 21

ICICI Bank Launches ‘Trade Emerge’ – An Online Platform for Indian Importers and Exporters

ICICI Bank launched a new online platform naming by ‘Trade Emerge’ that is offering comprehensive value-added as well as digital banking services to its importers and exporters across India.

The first initiative makes cross-border trade hassle-free, convenient, and expeditious. It offers a wide range of services in a single place that eliminates the requirement of the company’s coordination with touchpoints.

The list of various banking services may include current or saving accounts, comprehensive trade services (Bank Guarantee / Letter of Credit / Trade Credit, etc.), and other digital solutions like Trade Online, and Corporate Internet Banking, foreign exchange solutions, collection & payment solutions, etc.

The list of different kinds of value-added services includes access to a global trade database, incorporation of trade business, potential customers verification reports through credit bureaus, shipment booking logistics solutions, last-mile tracking, and several insurance services like marine insurance, etc. These all services are available on the web that can be accessed by using a single window, and others. These specific services are offered by partners with expertise in the respective fields.

As we are speaking on initiative, Executive Director, Vishakha Mulye, ICICI Bank said that “Over many years, India has emerged in the global export-import space as a key player. Various factors such as the young demography of the country, healthy production, strong consumer demand, and supportive government initiatives included in the consistent growth. From April to October 2021, our exports (including merchandise and services) and imports estimated nearly USD 780 billion, as recorded in rapid growth in the same period last year.

About The ‘Trade Emerge’

The portal of ‘Trade Emerge’ offers a digital suite of various value-added and banking services engaged in import and export. The objective of taking this initiative is to increase the productivity and efficiency of importers and exporters decongesting. It is part of the endeavor of the Bank to offer customized value-added solutions as well as digital banking services for corporates. The benefit of starting this platform is to provide benefits to all importers and exporters, even if they are not the customers of ICICI Bank.”

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