M1xchange, the RBI-licenced trade financing platform, will soon allow Indian MSME exporters to avail early payment against their invoices after exporting their goods and services to various countries. Disclosing that M1xchange (M1NXT) is currently testing the country’s International Trade Financing Services (ITFS) platform, the company said that once it gets launched, MSME exporters will be able to get early payments at low-interest rates ranging between 4% and 9% after exporting their goods and services. M1NXT is presently trying to onboard various national and international banks on its trade-financing platform to bring the much-needed liquidity for invoice discounting, factoring, or trade financing for the exporters of India.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.