ICICI Bank introduces Trade Emerge online platform for exporters and importers

ICICI Bank has launched ‘Trade Emerge’, an online platform to serve exporters and importers across India with comprehensive digital banking and value-added services.

According to the Indian private banking group, the initiative makes cross-border trade easy, quick and efficient, since it provides a variety of services all in one place. This removes the need for businesses to work across multiple points of contact.

The banking services offered under the Trade Emerge online platform include current and saving accounts, comprehensive service for trading (Letter of Credit / Bank Guarantee and Trade Credit etc.), digital solutions such as corporate internet banking and Trade Online, foreign exchange solutions, credit cards, and solutions for payment and collections.

ICICI Bank introduces Trade Emerge online platform for exporters and importers. Photo courtesy of Sumedh/Wikipedia.org.

The list of value-added services features incorporation of trade business, access to the global trade databases that include close to 15 million sellers and buyers across 181 nations, verification reports of prospective customers by reputable credit bureaus, logistic solutions for booking of shipments, and tracking the last mile as well as insurance services such as marine insurance, which are all accessible through a single window.

ICICI Bank said that the services under the Trade Emerge platform are provided through partners who are experts in their respective fields.

Vishakha Mulye — Executive Director of ICICI Bank said: “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.”