Categories: Banking

ICICI Bank launches Digital banking Platform ‘Merchant Stack’

The ICICI Bank has announced the launch of a digital and contactless banking platform, especially for retail merchants. The service, called ‘Merchant Stack’, is targeted at the over 2 crore retail merchants in the country, covering grocers, supermarkets, large retail store chains, online businesses and large e-commerce firms.

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About the ‘Merchant Stack’

Retail merchants can avail the ‘Merchant Stack’ services on InstaBIZ, the mobile banking application of ICICI Bank for businesses.
The wide range of banking, as well as value-added services, will enable merchants to meet their banking requirements seamlessly so that they can continue to serve their customers in the challenging times during the pandemic.
The banking services under Merchant Stack will include zero-balance current account, instant credit facilities, ‘digital store management’ facility, loyalty programme, and value-added services like alliances with e-commerce and digital marketing platforms.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.