M1xchange and Bharat BillPay partner to accelerate MSME growth with integrated financing

Trade Receivables Discounting System (TReDS) platform M1xchange has announced a strategic partnership with a B2B (business to business) platform NPCI Bharat BillPay Ltd. (NBBL).

This partnership will allow businesses to access low-cost invoice financing on TReDS directly from their accounting software, said the company in its release. This new financing solution is expected to enhance the efficiency of business payments across India for TReDS-registered companies, added the company further.