ICICI Bank has teamed up with Amazon India to offer an ultra-fast and completely digital overdraft (OD) facility of up to Rs 2.5 million to micro, small and medium enterprises (MSMEs) registered as sellers on the e-commerce player’s online marketplace across India. The overdraft amount that each seller can avail gets decided by a digital scorecard that instantly evaluates the creditworthiness based on that MSME customer’s financial profile, including Credit Bureau scores. MSME sellers having a current account with ICICI Bank can immediately avail the OD, whereas customers of other banks can start using the facility after digitally opening a current account with ICICI Bank.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.