Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
E-invoicing, SCF & E-procurement

ICICI Bank partners Alibaba to provide trade finance for Indian SMEs

Friday 26 June 2015 | 10:34 AM CET

ICICI Bank, an Indian private sector bank, has unveiled its association with Alibaba.com for the launch of the Trade Facilitation Center, a single window facility to provide trade finance to the small and medium enterprises in India.

The collaboration for Trade Facilitation Center will enable the Indian entrepreneurs who are members of Alibaba.com to get access to an array of integrated business services from ICICI Bank including business loans, cash management solutions, foreign exchange transactions, bank guarantees and cross-border remittances, in addition to privileges and discounts.

This cooperation comes close on the heels of a slew of technology-led services launched by ICICI Bank. The list includes new apps for mobile banking, automated and 'Touch Banking' branches, Tab Banking, banking on Facebook and Twitter, contactless debit and credit cards, and ‘Pockets’, a digital bank on mobile phone.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement