M1xchange to help MSMEs avail liquidity at 4-9% with international version of TReDS
M1xchange, a Trade receivable platform (TReDS) for MSMEs on Friday announced that it has commenced the testing of international version of TReDs (ITFS) where Indian MSMEs can avail liquidity as low as 4-9 per cent against their invoices. M1NXT, the new offering will support Indian Exporters with liquidity for international trade transactions through a worldwide network […]
India’s M1NXT Looks to Expand Trade Finance Offering
Indian trade financing firm M1NXT is testing the country’s International Trade Financing Services (ITFS) platform. With ITFS, small businesses will be able to get early payments at lower interest rates after exporting their goods, the website Financial Express reported Sunday (Jan. 22). “The organization is trying to onboard and engage with as many national and international banks as possible […]
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 […]
World Fintech Day 2024: Spotlight on Indian Innovations Driving Economic Growth
World Fintech Day, recognizing the transformative impact of financial technology on global economies. Over the past few years, fintechs have emerged as crucial players in driving economic growth through innovative solutions that enhance financial accessibility and efficiency. The Rise of Indian Fintechs Indian fintechs are at the forefront of this movement and have emerged as […]
Centre Developing Platform To Connect MSMEs, Govt Agencies, Exporters
Aimed at providing information on trade events taking place in different parts of the world, the Centre has notified about the creation of a trade connect e-platform to connect Indian exporters, micro, small and medium enterprises (MSMEs) and entrepreneurs with various stakeholders. This includes Indian missions abroad, export promotion councils and various partner government agencies. […]
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. Last November, Pankaj Prakash Sharma decided to take his organic baby food brand Happa Foods global, encouraged by the rising demand for organic […]
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 […]
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 […]
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 […]
Cross-Border Factoring Could Power India’s Next Export Boom
Cross-border factoring, powered by digital platforms like ITFS at GIFT City, can unlock cash flow and risk protection for Indian MSMEs, making it a catalyst for achieving India’s $2 trillion export ambition by 2030. Munindra Verma, CEO, M1 NXT The cumulative value of India’s exports, goods and services combined, crossed over $210 billion in April–June […]