M1xchange, one of India’s TReDS platforms, which almost doubled its business volumes to INR 43,000 crore/INR 45,000 crore (US$5.18bn/US$5.42bn) for the year 2023-2024, is set to double its business volume again for the year 2024 -2025. M1xchange’s managing director, Sundeep Mohindru, suggests that this is more than likely. Speaking to Hindu Business Line, he explained that the imminent launch of trade credit insurance for the TReDS platforms will give the platforms a massive boost and have a huge impact on M1xchange’s business volumes.
