World Fintech Day 2024: Spotlight on Indian Innovations Driving Economic Growth
World Fintech Day, recognizing the transformative impact of financial technology on global economies. Over the past few years, fintechs have emerged as crucial players in driving economic growth through innovative solutions that enhance financial accessibility and efficiency.
M1xchange upbeat on MSME policy
Hyderabad: Even as Telangana govt gears up to unveil its first ever MSME policy, RBI-licenced trade receivables discounting platform (TReDS) M1xchange is eyeing Rs 72,000 crore in throughput value by March 2025 as against Rs 43,300 in FY24.
M1xchange offers facility for export bills discounting
M1xchange, one of the three exchanges on the TReDS platform, has just begun offering a facility for discounting of export bills, the company’s CEO, Sundeep Mohindru, told businessline.
TReDS platform expect upto 100% jump in invoice financing volumes
TRADE RECEIVABLES DISCOUNTING System (TreDS), the electronic platform designed to boost cash in-flows of micro, small and medium enterprises (MSMEs), is anticipating an 80-100% increase in invoice financing volumes in FY25.