ICICI Bank launches ‘open-for-all’ digital ecosystem for MSMEs


ICICI Bank has launched India’s first comprehensive digital ecosystem for all Micro, Small and Medium Enterprises (MSMEs) in the country, offering complete range of enhanced banking and value-added services at one place.

The customers of other banks can also avail the services.

The benefits of the new digital ecosystem can be availed by downloading the latest version of InstaBIZ app, a super app for businesses. The app is available on Google Play, Apple App Store and at the bank’s Corporate Internet Banking (CIB) platform.

Anup Bagchi, Executive Director, ICICI Bank, said, “We believe that the benefits of our products and services should not be restricted only to our customers. Hence, MSMEs, who are customers of other banks, can avail of a host of services from our digital ecosystem.”

Also Read: ICICI Bank signs MoU with GIFT SEZ

He added, “Our enhanced banking services with value-added offerings for MSMEs will improve efficiency and boost their business.”

The ecosystem offers facility of digital and instant current account opening through video KYC.

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