Articles with tag: facility

Found 35 results in 187 milliseconds.

Paytm launches same-day settlement facility for fund transfers

14 Oct 2020 | Payments General

India-based fintech Paytm has rolled out a same-day settlement facility for fund transfers on its payment gateway.

Paytm, India, payments, transfers, merchants, Asia, APAC, same-day settlement facility

Bank of Georgia secures USD 50 mln trade finance facility with Citi

18 Sep 2020 | E-invoicing, SCF & E-procurement

Bank of Georgia has signed a USD 50 million one-year trade finance facility with US-based bank Citigroup.

Bank of Georgia, Citi, trade finance, facility, Citigroup, bank, reimbursement, trade advances, retail banking, payment services, corporate banking, investment banking, wealth management, trade finance solutions

Deutsche Bank provides USD 43 mln trade finance facility for rural Myanmar

15 Sep 2020 | E-invoicing, SCF & E-procurement

Deutsche Bank has announced that it has provided a USD 43 million account receivable purchase facility to China National Technical Import & Export Corporation.

China Export & Credit Insurance Corporation, Deutsche Bank, trade finance, trade finance facility, banking, trade financing, Myanmar, Asia, APAC

IFC provides USD 50 mln loan to Access Bank for Nigeria-based businesses amid Covid-19

20 Jul 2020 | E-invoicing, SCF & E-procurement

World Bank Group member IFC has provided a USD 50 million loan to Access Bank to help the bank increase liquidity to SMEs in Nigeria challenged by COVID-19. 

IFC, Access Bank, World Bank Group, Nigeria, SMEs, covid 19, Africa, loan, fast track financing support package, fast track facility, trade financing, working capital, business clients, disrupted cash flows, retail bank

CDC, Societe Generale partner to boost African trade

02 Jul 2020 | E-invoicing, SCF & E-procurement

UK-based impact investor CDC Group has closed a USD 100 million trade finance risk sharing facility with Societe Generale.

CDC, Societe Generale, African trade, trade finance, risk sharing facility, local banks, new banks, Francophone West Africa, funding, economic crisis, United Nations, SDG, deficit, International Chamber of Commerce

IFC, Citi roll out USD 800 mln facility for trade finance in emerging markets

02 Jul 2020 | E-invoicing, SCF & E-procurement

IFC and Citi have created an USD 800 million facility to support trade flows in developing countries and help businesses amid the pandemic.

IFC, Citi, facility, trade finance, emerging countries, World Bank, pandemic, covid-19, cash flow, trade assets, trade volume, Global Trade Liquidity Program, IDA countries

Crypto payments company NetCents to provide daily merchant settlements

24 Jun 2020 | Cryptocurrencies

Canada-based cryptocurrency payments company, NetCents Technology, has announced that it now provides daily settlements for all US-based merchants.

NetCents Technology, cryptocurrency payments, daily settlements, US, merchants, ACH integration, payout, credit facility

ITFC releases USD 15 mln to support SMEs in Bangladesh

12 Jun 2020 | E-invoicing, SCF & E-procurement

The International Islamic Trade Finance Corporation (ITFC) has approved a USD 15 million Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support SMEs.

ITFC, Murabaha Financing Facility, City Bank Limited, Bangladesh, SME, trade finance, financing, coronavirus, OIC, local banks, private sector, global trade, IsDB Group, Covid-19 Response Package, grants, pandemic

Credit Suisse and KLARA expand partnership for SMEs

08 Jun 2020 | Payments General

Credit Suisse and Switzerland-based fintech KLARA have announced connecting via the SIX platform “b.Link”, to offer SMEs additional payment transaction applications.

SIX, b-link, KLARA, Credit Suisse, bank, payments, credit facility, Switzerland, Europe

Invoice finance demand to surge after lockdown

22 May 2020 | E-invoicing, SCF & E-procurement

Ireland-based invoice finance providers have announced demand growth expectations as companies reopen after virus lockdowns.

Invoice finance, lockdown, IAIFA, Ireland, SME, credit lines, revolving credit facility, lender, debtor, interest, loans, overdrafts, pillar banks, AIB, Bank of Ireland, Ulster Bank, Bibby Financial Services, Capitalflow, Close Brothers, Grenke Finance

Hong Leong Bank simplifies the approval process for SME loans

11 May 2020 | E-invoicing, SCF & E-procurement

Hong Leong Bank (HLB) has simplified the application and approval process for SME loans so that they can fast track the Bank Negara Malaysia (BNM) Special Relief Facility (SRF). 

HLB, credit, SMEs, COVID-19, coronavirus, Hong Leong Bank, loans, Bank Negara Malaysia, BNM, Special Relief Facility, SRF, retail, trade

IFC teams with Coronation Merchant Bank to boost trade finance in Nigeria

04 Mar 2020 | E-invoicing, SCF & E-procurement

International Finance Corporation has announced a USD 40 million trade finance guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.

International Finance Corporation, partnership, trade finance guarantee facility, Coronation Merchant Bank, Global Trade Finance Program, trade finance, Nigeria, access to capital

ComBank releases pre-paid Spend Card and pre-paid Web Card

10 Dec 2019 | Cards

The Commercial Bank of Ceylon has unveiled pre-paid cards, which can be topped up with funds online and can be used for specific purposes.

ComBank, launch, pre-paid spend card, pre-paid web card, online facility, KYC, fraud, money transfer, transactions

Standard Chartered, IFC create USD 1 billion trade finance facility

24 Oct 2019 | E-invoicing, SCF & E-procurement

Standard Chartered and US-based International Financial Corporation have established a USD 1 bln facility to boost trade finance in emerging markets.

International Financial Corporation, Standard Chartered, US, UK, trade finance, partnership, emerging markets, trade finance facility, banking, lending, trade facilitation

Farnek launches new e-procurement portal

24 Oct 2019 | E-invoicing, SCF & E-procurement

UAE-based facilities management company Farnek has officially launched a new online e-procurement portal.

Farnek, e-procurement, tendering process, facility management, product launch, e-procurement platform, contract tracking, e-procurement process, United Arab Emirates, Dubai, B2B payments, business process automation

Mainstream closes EUR 110 mln trade finance facility

17 Oct 2019 | E-invoicing, SCF & E-procurement

Ireland-based Mainstream Renewable Power has secured a EUR-110-million increase to its existing trade finance facility.

Mainstream, trade finance, trade finance facility, Ireland, Mainstream Renewable Power, Andes Renovables portfolio, Europe

Marco Polo Network expands availability to Microsoft Azure

02 Oct 2019 | E-invoicing, SCF & E-procurement

The Marco Polo trade finance network has announced it is now generally available on Microsoft Azure.

Marco Polo Network, Microsoft Azure, trade finance network, trade finance, banking, credit facility, R3, Corda, blockchain technology, DLT, global trade

SMB alt lender Fundbox secures USD 176 mln to tap into B2B payments

27 Sep 2019 | Payments General

US-based fintech Fundbox has secured a USD 176 million Series C funding round from investors including Allianz X and General Catalyst.

Fundbox, B2B payments, Allianz X, General Catalyst, credit facility, alternative lending, lending, small and medium size business, SMB, SME, US, North America

DBS launches blockchain-powered trade finance platform for Chinese SMEs

12 Sep 2019 | E-invoicing, SCF & E-procurement

DBS Bank has launched Rong E-Lian, a financing facility on a logistics blockchain platform that aims to give SMEs in China faster access to trade financing.

DBS Bank, blockchain-powered trade finance platform, product launch, trade finance, blockchain, China, SMEs, Asia, APAC, financing facility, small and medium size enterprises,

Bank of Georgia signs USD 50 mln trade finance facility with Citi

14 Aug 2019 | E-invoicing, SCF & E-procurement

Bank of Georgia Group has announced that its bank subsidiary, JSC Bank of Georgia, has signed a one-year USD 50 mln trade finance facility with Citi.

Bank of Georgia, trade finance facility, Citi, Citi Bank, bank subsidiary, trade finance, Georgia, Belarus, Europe, payments, retail banking, B2B payments