Trustana, OneConnect partner to facilitate growing trade opportunities for SMEs

Wednesday 30 June 2021 13:09 CET | News

Trustana, a curated cross-border B2B marketplace founded by Temasek has partnered with OneConnect to accelerate cross-border commerce.

According to the press release, under the collaboration, Trustana will integrate OneSME, a digital cross-border trade platform, into its marketplace. Building on Trustana's cross-border trade expertise and OneConnect's core competencies in architecting technology solutions, curating and operating an extensive network of ecosystems in China, the collaboration will enable small and medium-sized enterprises (SMEs) in Singapore and ASEAN to access a larger pool of buyers in China, seize international trade opportunities, and benefit from value-added services on Trustana's platform.

Trustana's platform enables buyers and sellers to transact with greater trust and confidence. Therefore, thanks to the partnership SMEs in Southeast Asia will be able to buy and sell their products directly to pre-screened buyers and suppliers in China who show keen interest, boosting the chances of a match. In addition, the collaboration will allow SMEs to have access to a buyer base of four million Chinese SMEs via OneConnect's YiQiYe, a one-stop SME ecosystem that provides financing, insurance, and cash management solutions to SMEs in China. 

Trustana will also integrate with the Guangxi Open Finance Platform, a cross-border digital financial services platform led by Guangxi district government, and jointly built and operated by OneConnect and Digital Guangxi Group to promote collaborations between governments, institutions, and enterprises. The strategic collaboration will strengthen Trustana's growing presence in China as a buyer marketplace, and accelerate ongoing expansion to other trade corridors in ASEAN.

Moreover, OneConnect will provide Trustana buyers and suppliers with access to financial services products through OneSME's first bank partner, UOB. UOB, which has received industry recognition for its efforts to help SMEs achieve their growth ambitions, will provide digital financing services as well as solutions that go beyond banking, helping SMEs seize cross-border opportunities.

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Keywords: partnership, cross-border ecommerce, marketplace, SMEs, ecommerce
Categories: Payments & Commerce | Ecommerce
Countries: China
This article is part of category

Payments & Commerce