M1 NXT, India Exim Finserve Partners to Support MSME Exporters
M1 NXT, the International Trade Financing Services (ITFS) platform, has announced the onboarding India Exim Finserve IFSC Pvt. Ltd (Exim Finserve) as a Financer. As part of this collaboration, M1 NXT and India Exim Finserve aims to expand receivables finance solutions for Indian exporters, particularly MSMEs, who are vital contributors to the country’s economic growth. By […]
M1 NXT Partners with Singapore-based Air8 to Expand Global Trade Financing for SMEs
M1 NXT, an international trade financing platform, has announced its strategic partnership with Air8, a global supply chain financier, to enhance cross-border trade finance accessibility for small and medium enterprises (SMEs) worldwide. This strategic partnership aims to make cross-border trade financing more accessible, helping businesses navigate the complexities of cross-border trade and mitigate risks associated […]
How can supply chain finance serve as a catalyst for growth in the textile industry
Supply Chain Finance is revolutionising the textile industry by tackling key challenges such as cash flow constraints and delayed payments,informs Munindra Verma. India’s textile industry is a key driver of economic growth, contributing 2.3 per cent to GDP, 13 per cent to industrial production, and 12 per cent to exports. In the first half of FY […]
How digital trade finance is driving economic growth in emerging markets
Emerging markets such as India, Brazil, and Bangladesh are experiencing rapid economic expansion, with production and exports reaching new highs since mid-2023, according to PMI data. These markets are accelerating the global economy’s growth as demand for their products and services increases across sectors. Yet, for micro, small, and medium-sized enterprises (MSMEs) access to affordable […]
Old ways, new needs: Why banks need to change lending systems for exporters
MSMEs in India do not have any shortage of export orders but are unable to move forward as financing options have not kept up with the changes in a disruptive global market.
Mynd IFSC launches M1NXT in GIFT City to Push Trade Finance
Mynd IFSC Pvt. Ltd. has received permission from International Financial Services Centres Authority (IFSCA) for commencement of commercial operations of its International Trade Financing Services (ITFS) Platform. Mynd IFSC Pvt Ltd, a subsidiary of Mynd Solutions Pvt Ltd, the operator of India’s leading TReDS platform will operate its ITFS platform in the brand name M1NXT. […]
Centre Developing Platform To Connect MSMEs, Govt Agencies, Exporters
The platform is expected to provide international trade-related information and data, along with information on benefits available due to India’s free trade agreements (FTA) with other countries.
World Fintech Day 2024: Spotlight on Indian Innovations Driving Economic Growth
World Fintech Day, recognizing the transformative impact of financial technology on global economies.
M1 NXT Appoints Munindra Verma as CEO
M1 NXT has appointed Munindra Verma as the Chief Executive Officer. Mr. Verma, earlier worked with YES Bank wherein he served as Chief Product Officer and Head of Strategy & Transformation in Transaction Banking Group at YES Bank. Mr. Verma, a seasoned banking professional with over 26 years of experience in Corporate and Transaction Banking, […]
M1xchange to help MSME exporters finance their invoices via new ITFS platform
Credit and finance for MSMEs: M1xchange said MSMEs will be able to avail early payment at interest rates as low as 4-9 per cent against their invoices on ITFS. Credit and finance for MSMEs: Reserve Bank of India (RBI)-licensed trade financing platform M1xchange is testing the International Trade Financing Services (ITFS) platform — international version of […]