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. Last November, Pankaj Prakash Sharma decided to take his organic baby food brand Happa Foods global, encouraged by the rising demand for organic […]
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
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. […]
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, […]
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 […]
M1xchange launches new platform to help MSMEs avail easy liquidity
Trade receivable platform for MSMEs, M1xchange, has begun testing ITFS (international version of TReDs) allowing MSMEs to avail liquidity for as low as 4-9% against their invoices. The International Financial Services Centers Authority (IFSCA) has granted a license to M1NXT (Mynd IFSCA P LTD) to set up International Trade Finance Services (ITFS) platforms. The new […]
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 […]