ICICI Bank has launched digital solutions for exporters, a comprehensive set of banking and value-added services on a single platform. In a first-of-its kind initiative in the industry, the suite of solutions digitise the entire export life-cycle -- from discovery of export markets, export finance, foreign exchange services to receipt of export incentives. The initiative aims to simplify the journey of exporters by decongesting the current time-intensive manual procedures, thereby significantly improving their operational efficiency.
The set of solutions also offer industry-first facilities such as instant disbursal of Export Packing Credit (Insta EPC) and Trade APIs. Insta EPC provides export finance instantly, while Trade APIs enable smooth handling of export transactions directly from exporters’ ERP systems, thereby providing greater convenience.
ICICI Bank is a leading private sector bank in India.
