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Businesses with turnover of over INR 20 crore (US$2.6m) will have to produce electronic invoice for B2B transactions from April 1. From October 1, 2020, under GST law, in India all companies with turnover of over INR 500 crore (US$66.2m)...
#e-invoices#electronic invoice#frauds
Clear (formerly known as ClearTax), an Indian fintech company, announced today that it has launched invoice discounting for local MSMEs.…
#banks#GDP#GST
Artfine, a specialist supply-chain financing firm has partnered with Receivables Exchange of India Ltd. (RXIL) to finance invoice factoring for…
#digital#discounting platform#invoice
Due to the impact of the pandemic, providing liquidity to Indian MSMEs is considered an urgency. In order to improve…
#SMEs finance
The Reserve Bank of India (RBI) announced on Thursday that they have proposed to enhance the National Automated Clearing House (NACH)…
#bank#invoice#platforms
Indian working capital start-up Reevoy has raised US$4m in seed round led by 9Unicorns and VCAT. According to the company,…
#Reevoy#working capital
The Reserve Bank of India (RBI) has just announced the amendment of the Factoring Regulation Act... (more…)
#factoring act#Factoring Regulation Act
What a year, with each day bringing in new developments, said Ravi Valecha CEO of India Factoring and... (more…)
#exporters#insolvency#regulation
At Vidarbha Industries Association EXIM Forum event in Nagpur, India, which was focusing on exporters, Exim Bank of India informed…
#bank#emerging markets#exporters
The Shriram group plans to offer supply chain finance (SCF) and invoice discounting... (more…)
#supply chain finance
DBS India has launched a paperless offer for the financing of domestic invoices... (more…)
#bank#DBS#digital
IndiaMART announced that they acquired a stake in Mynd Solutions, a company which runs... (more…)
#acquisition#banks#invoice
Jana Small Finance Bank has announced that they joined all the three existing... (more…)