EmerioBanque

MUFG Bank Collaborates with M1xchange

As per the latest news, MUFG Bank has recently joined hands with M1xchange to provide digital invoice financing solutions to the bank’s clients. Under M1xchange’s TReDS (Trade Receivables Discounting System), MSME suppliers will benefit from early financing for their receivables under a bidding instrument. These solutions are funded by MUFG Bank, which bears the credit risk of the corporate purchasers. This association of the two enables MUFG Bank to utilise the digital ecosystem laid out by M1xchange, thereby improving the proficiency of its client services.

Rohit Narayanan, director and head of transaction banking at MUFG India, stated, “We are glad to utilise TReDS to help our corporate clients spread in India additionally. The cooperation with M1xchange highlights our obligation to meet the developing trade finance requirements of the industry. This partnership allows us to facilitate digital trade solutions to our clients while increasing the value of MSME ventures which are the end clients of this production network.”

Sundeep Mohindru, Managing Director & CEO of M1xchange, stated, “The association between MUFG Bank and M1xchange is another crucial step towards the arrangement of financing to MSME and micro-category business. Lesser completion time and lower administrative costs would help MUFG Bank to extend digital invoice finance solutions in India.”

MUFG Bank is helping technology startups to boost through its $300-million Ganesha Fund and is also enabling them to utilise the bank’s network across geographies to develop. As MUFG bank increases its innovation initiatives, it will keep teaming up with partners in India to bring new digital technologies to encourage its clients’ endeavours for a safe future.





Other news

Exchange Rates

Currency Buy Sell
EUR USD 1.06 1.10
EUR GBP 0.86 0.89
EUR CHF 1.02 1.06
EUR AUD 1.72 1.70
EUR JPY 116.08 116.56
EUR MYR 4.50 4.77
EUR SGD 1.53 1.57
EUR HKD 8.27 8.53
EUR CAD 1.54 53.84
EUR DKK 9.75 1.55

Most Recent Blogs View All Blogs

20 Mar

How Trade Finance Instruments Help My Business Grow?

The sound availability of finance is vital for the smooth operations of business activities. Organiz...

13 Mar

Common Mistakes To Avoid While Writing A Letter Of Credit

More & more importers-exporters endeavor to expand their business globally to better profits, gr...

10 Mar

Structured Trade Finance - What Does It Mean?

When it comes to financing a transaction, there are a variety of financial instruments available in ...

Disclaimer

Emerio Banque is an innovative global financial institution incorporated in England and Wales with Legal Entity Identifier 875500DGPPWAFABBK130. Emerio Banque does not offer its products and services to businesses and/or persons registered in the United Kingdom.

No information on this website should be construed as a solicitation, offer, recommendation, and representation of suitability or endorsement of any security, investment or strategy.

Important Notice

Emerio Banque would like to advise its customers to report any suspicions which they may have regarding the identity of any intermediary who promotes products or services offered by us or any intermediary bearing similar names. You should verify with Emerio Banque by calling our Customer Service Number on +44 203 059 7831 or emailing help@emeriobanque.com

Please also be aware of bogus SMS messages and voice message calls or fraudsters who impersonate the staff of Emerio Banque.

We have recently become aware of a number of entities with different names misrepresenting themselves as associates, partners or agents of Emerio Banque.

Please be informed that Emerio Banque is not associated with nor do we have any business connections or dealings with such institutions.

Emerio Banque takes all information regarding suspicious fraudulent activity very seriously. Please immediately inform us at compliance@emeriobanque.com if you suspect or are approached by persons misrepresenting or impersonating Emerio Banque and/or its officials. We will make investigations and will take legal action where necessary.