ICICI Bank launches Digital banking Platform ‘Merchant Stack’

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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, super markets, large retail store chains, online businesses and large e-commerce firms.
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.