Monex signs deal with ICICI Bank

KERRY-BASED Monex Financial Services, which specialises in multi- currency credit card processing, said it has signed a licensing agreement with ICICI Bank.

The deal with India’s second-largest bank will see it provide its currency conversion software to the bank. ICICI processes over €700 million in credit card transactions per annum.

Monex said the deal culminates a very successful two-year expansion programme.