Union Bank of India has entered into a tie-up with A.TReDS for discounting invoices of MSMEs on the latter’s ‘TReDS’ digital platform, ‘invoicemart.com’.
Trade Receivable Discounting System (TReDS) is a digital platform to help MSMEs get their trade receivables financed at competitive rates through auction mechanism, where multiple financiers can bid on invoices accepted by PSUs / corporate buyers.