Taiwan's Bank Sinopac launches MMAb2b.com to Provide Factoring Service for Enterprises


Taiwan-based Bank Sinopac launched a website--MMAb2b.com to provide factoring service for enterprises in August 2000.

Bank Sinopac has recorded a transaction value of nearly T$60bn via the website to date, and plans to increase the value to RMB100bn in 2001.

Enterprises have applied for over RMB12bn worth of financing through MMAb2b.com since August 2000.

MMAb2b.com reported that a total of 1,396 enterprises have become subscribers, and plans to increase the figure to 2,000.

Source: Chamber World Network International Ltd



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Posted on Jul 24, 2001
Region: Taiwan