Invoice Bazaar Blog

India’s M1NXT to enable MSME exporters to avail payment against invoices

By Invoice Bazaar | January 23, 2023

M1xchange, the RBI-licenced trade financing platform, will soon allow Indian MSME exporters to avail early payment against their invoices after exporting their goods and services to various countries. Disclosing that M1xchange (M1NXT) is currently testing the country’s International Trade Financing Services (ITFS) platform, the company said that once it gets launched, MSME exporters will be able to get early payments at low-interest rates ranging between 4% and 9% after exporting their goods and services. M1NXT is presently trying to onboard various national and international banks on its trade-financing platform to bring the much-needed liquidity for invoice discounting, factoring, or trade financing for the exporters of India.

Read More