ESAF Small Finance Bank Introduces TReDS Facility

KOCHI:
ESAF Small Finance Bank has introduced ESAF TReDS (Financing Trade Receivable Electronic Discounting System) for discounting bills using a TReDS platform. TReDS is an electronic platform for facilitating the financing/discounting of trade receivables of Micro, Small, and Medium Enterprises (MSMEs) through multiple financiers. ESAF Small Finance Banks is committed to promoting financial inclusion and gender equality through specialized financial services.

ESAF Bank is a member of certain TReDS platforms and bills are discounted by participating in the bidding process on these platforms. ESAF Small Finance Bank is one of the small finance banks in the country to get access to three TReDS platforms approved by RBI, i.e., Receivables Exchange of India (RXIL), Invoicemart, and M1xchange-Mynd Online National Exchange for Receivables.