The move is in line with Vision 2030’s initiative to increase financing for the SME sector and to meet the customers’ needs.
The “payables finance” concept is based on buyer risk where the seller bears the cost of discounting. This product gives suppliers access to funding based on the credit standing of their buyers and without using their own credit lines.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now