Tag: M1xchange

M1xchange offers ‘Small to Small Factoring’ in partnership with YES BANK and RBL Bank
Business, Business News, Press Release

M1xchange offers ‘Small to Small Factoring’ in partnership with YES BANK and RBL Bank

New Delhi (India), August 4: M1xchange, India’s first and leading TReDS platform, in partnership with YES BANK and RBL Bank, announced today that it had started testing of ‘Small-Small Factoring’ product under the Reserve Bank of India’s (RBI’s) third cohort of the regulatory sandbox. This product is intended to enable early liquidity to Micro, Small & Medium Enterprises (MSMEs) buyers and sellers and offers a world-class customer experience to MSMEs supported by a convenient and end-to-end digital process. After successful testing under sandbox, a full-scale roll-out of this product is expected to offer a highly effective and efficient solution for over USD 750 Billion credit gap for MSMEs in India. This product is one of the eight propositions approved after a detailed evaluation of...