M1xchange partners with YES Bank and RBL to offer ‘Small-to-Small Factoring’ in India

M1xchange in partnership with YES Bank and RBL Bank has announced that it has started testing the ‘Small-to-Small Factoring’ product under the Reserve Bank of India’s third cohort of the regulatory sandbox.

M1xchange is an online exchange (Trade Receivables Discounting System/TReDS) that facilitates financing/discounting of trade receivables of micro, small and medium enterprises (MSMEs) through banks/NBFCs.

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