ICICI eyes Rs 31 lakh cr merchant payment market through new offering
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Synopsis
Executive director Anup Bagchi said the bank is targeting income from "fee, credit and savings due to use of technology" by offering these services to these large and small establishments spread across the country.
Agencies
ICICI Bank, India's second largest private sector lender by assets is eyeing a large share of the potential Rs 31 lakh crore of payments and settlment market to more than 2 crore small, big, offline and online businesses by fiscal 2022 by offering these wholesalers and retailers payment systems bundled with cash management and credit facilities.