Besides, UPI can be used for other payment services, including EMI (equated monthly installment) collections, insurance payments, personal loan payments, etc. You can learn more about UPI in UPI Payments: What It Is and How Does It Work? How to create a UPI ID Step 1: Open the google...
HSBC is not responsible for the post’s content, quality, accuracy, timeliness or completeness. This article will tell you: What is trade finance? How does trade finance work? Steps to obtain financing Benefits of trade financing for SME... Types of trade financing Key takeaways Trade finance...
It’s an “incoming” fund transfer from your bank’s perspective and can mean a payment from an overseas bank account or a local transfer. An outward telegraphic transfer is when you send money from your bank account to a local or overseas recipient. It is an “...
Ready to Apply for a Business Loan for Your SME with OCBC? Applying for a business loan with OCBC is simple and can be done in as little as five minutes online. Once your application has been processed, an update on the status of your loan will be provided to you in as fast as 5 ...
solutions in an industry that traditionally requires extensive time and paperwork for the loan application, assessment, and onboarding processes. In competitive times, it’s the quickest way to gain these benefits and accelerate time to market. ...
It is the currency used within China. CNH is designed as an offshore version of the Yuan and can be freely traded. International companies can accept CNY, however if they want to use Yuan outside of China, they need to exchange the CNY to CNH. What does sending money in CNY to China...
In Singapore, a small and medium-sized enterprise (SME) grant is a sum of money that has been allocated or given to an SME to further its growth. SME grants are typically distributed by governments, corporations, foundations or trusts. These grants can help SMEs finance their business operatio...
Each loan will be for a specific transaction and companies usually use them for purchasing products. Trade loans assist with funding trade transactions at important points throughout the trading cycle of a company – this is advantageous as it improves the cash flows of a company. The facility ...
What is an opening balance? As you might expect, opening balance and closing balance are very different. Your opening balance is how much money your business has at the start of a specified accounting period. That could be a day, a week, a month, every quarter, or by year. ...
RPA can be used to complete more mundane tasks such as sending email communications, filling out forms, or checking loan eligibility, for example, work that can be done around the clock, leaving employees to face-to-face customer-related tasks. Enhance security, reduce costs and increase ...