Air India, AAI join Trade Receivables Discounting System platform

In AVIATION

M1Xchange Trade Receivables Discounting System (TReDS) platform has forayed into the aviation sector by bringing on board Airport Authority of India (AAI), Air India and Air India Express.

The concept of TReDS, which was introduced by the RBI in 2014, helps small companies get their bills discounted at a competitive rate through an auction where multiple registered financiers can participate.

The recent permission granted to non-banking financial system (NBFCs) to access the benefits of TReDS platform will add to the number of financiers while large public sector undertakings from different sectors joining in will encourage cash strapped MSMEs to increasingly seek the benefits from the digital platform. Read more

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