ICICI Bank launches digital banking service for retail merchants
April 29, 2021
‘Merchant Stack’ provides banking solutions for the retailer ecosystem
Private sector lender ICICI Bank on Thursday announced the launch of a comprehensive digital banking service that aims to empower over two crore retail merchants in the country.
Called Merchant Stack, it provides a bouquet of banking solutions and value-added services in ‘one single place’ for the retailer ecosystem.
“The main pillars of the stack are a new account named Super Merchant Current Account; two instant credit facilities called Merchant Overdraft and Express Credit both are based on POS transactions, Digital Store Management facility to help merchants take their business online; exclusive loyalty rewards programme and value added services like alliances with major e-commerce and digital marketing platforms for expansion of online presence,” ICICI Bank said in a statement.
ICICI Bank Unveils Digital & Contactless Banking Platform For Merchants “Merchant Stack”
India-based banking group
ICICI Bank announced on Thursday the launch of its digital and contactless banking platform for merchants,
Merchant Stack. According to ICICI Bank, Merchant Stack provides a bouquet of banking solutions and value-added services in ‘one single place for the retailer eco-system. The main pillars of the stack are:
A new account named, Super Merchant Current Account Two instant credit facilities called ‘Merchant Overdraft’ and ‘Express Credit ; both are’ based on POS transactions
Digital Store Management facility to help merchants take their business online
Exclusive loyalty rewards program
ICICI Bank launches digital banking platform for SMBs
The aim of this platform is to help SMB owners to meet their banking requirements seamlessly so that they can continue to serve their customers even in the current challenging times.
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ICICI Bank announced the launch of its digital banking services platform called ‘Merchant Stack’, which will serve retail merchants including grocers, supermarkets, large retail store chains, online businesses, and large ecommerce firms.
This platform will help small and medium business owners to meet their
banking requirements seamlessly so that they can continue to serve their customers even in the current challenging times.
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