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Asia

UBI joins C2TReDS platform to boost MSME supply chain...

Union Bank of India (UBI) has signed a Master Financier Agreement with C2FO Factoring Solution Private Limited to participate in the C2TReDS platform, reinforcing its focus on expanding digital supply chain financing for micro, small and medium enterprises (MSMEs). Under...

#supply chain finance

Mandatory TReDS settlement proposed for CPSEs in India

In the Union Budget for FY27, the Centre proposed mandating the Trade Receivables Discounting System (TReDS) as the transaction settlement…

#invoice finance


CapBay and PKIF forge strategic partnership to give contractors...

Bay Smart Capital Venture Sdn Bhd (CapBay), a leading local fintech company providing supply chain finance and peer-to-peer (P2P) financing…

#supply chain finance


RXIL declares interim dividend, a first for India’s TReDS...

Receivables Exchange of India Ltd (RXIL), India’s first Trade Receivables Discounting System (TReDS) platform, has announced an interim dividend of…

#invoice discounting


IFC invests US$166m to support Sri Lankan businesses

Reinforcing its longstanding commitment to Sri Lanka’s private sector, the International Finance Corporation (IFC), a member of the World Bank…

#trade finance


HKMA unveils plan to modernise Hong Kong’s trade finance...

The Hong Kong Monetary Authority (HKMA) has released a road map outlining 20 measures to be implemented over the next…

#trade finance


BNI unifies global trade finance on Finastra’s trade innovation

Finastra, a global leader in financial services software, announced that PT. Bank Negara Indonesia (Persero) Tbk (BNI), one of Indonesia’s…

#trade finance


SC Finserv secures RBI certification to launch factoring business

SC Finserv  has received formal approval from the Reserve Bank of India (RBI) to commence factoring business activities, marking a…

#factoring


Yue Da International to scale factoring operations with new...

Yue Da International Holdings Limited has announced that its wholly owned subsidiary, Yueda Commercial Factoring, has entered into a new…

#factoring


CredAble and Citi announce a global tech partnership to...

CredAble, a global working capital technology platform, announced a strategic technology partnership with Citi to digitise its trade finance controls…

#trade finance


India launches new export finance schemes for MSMEs

The Government of India has announced two new components under its Export Promotion Mission, committing a combined expenditure of INR…

#export finance


Anor Bank secures landmark ICD financing to support SME...

Anor Bank, a leading digital bank in Uzbekistan, has entered into a landmark line of financing agreement with the Islamic…

#sme finance

WFY’25: Turkey’s factoring volume rose by 26% in 2024

Filiz Ünal, Deputy Secretary General, Association of Financial Institutions, Turkey, share insights on the Turkish factoring market in the regional…

#factoring

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