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. […]
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 […]
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 […]
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 […]