ICICI Bank has announced the launch of an online platform ‘Trade Emerge’ (https://trade-emerge.icicibank.com) to provide comprehensive digital banking as well as value-added services to exporters and importers across India. The initiative makes cross-border trade hassle-free, expeditious, and convenient, the bank stated.
The services include current/saving account offerings, comprehensive trade services such as a letter of credit, bank guarantee and trade credit, digital solutions such as corporate internet banking and trade online, state-of-the-art foreign exchange solutions, payment and collection solutions, and credit cards.
The value-added services include 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 of these available online through a single window, and many more.
Vishakha Mulye, Executive Director, ICICI Bank, said, “Between April and October 2021, our overall exports (merchandise and services combined) and imports are estimated to be $780 billion, recording a rapid growth over the same period last year. The benefit of this platform is available to all exporters and importers, even if they are not customers of the ICICI Bank.”
