Malayan Banking Bhd (Maybank) and Dagang NeXchange Bhd (DNeX) are collaborating to launch a centralised online trade financing facility platform that targets RM5bil worth of trade financing in three years.
The platform, myTrade2Cash, is aimed at Malaysian-based small and medium enterprise (SME) exporters.
It is estimated to serve more than 100,000 SME customers nationwide via the National Single Window e-Commerce Trade Facilitation service managed by DNeX.
“This is also expected to significantly boost Maybank’s total trade finance volume,” the company said in a statement.
