Synopsis
It aims to empower over two crore retail merchants in the country with seamless banking services digitally. Merchants, who are not the customers of the Bank, can also avail the benefits of the stack by instantly opening a zero balance current account using the InstaBIZ app in a digital manner.
ICICI Bank on Thursday announced the launch of Merchant Stack, a set of digital banking services especially curated for retail merchants. The array of banking as well as value-added services enables merchants - grocers, super markets, large retail store chains, online businesses and large e-commerce firms - to meet their banking requirements so that they can continue to serve their customers in the challenging times during the pandemic. This initiative is in-line with the Bank’s principle of ‘Business with Care’.