MSB, Solv help firms access capital on digital platform

At the signing ceremony (Photo: VNA)

Hanoi (VNA) – The Maritime Bank Vietnam (MSB) has become the first financial partner of Solv Vietnam Co., Ltd. (Solv) - a B2B electronic platform for small and medium-sized enterprises.

Accordingly, MSB signed a comprehensive cooperation agreement with Solv on March 29 to provide business support solutions, increase benefits in e-commerce transactions, and help businesses access capital easily.

As the leading B2B e-commerce platform in India, Solv helps businesses connect with new customers and suppliers, buy and sell products at wholesale prices, utilize on-demand credit, easily place online orders and receive doorstep delivery.

Through this partnership, MSB and Solv commit to providing optimal solutions for their target customer groups, including distributors and agents through the systems or platforms of both parties. When using the Solv platform, customers will be able to access MSB's credit support packages and online disbursement features based on information provided by the centre enterprise (Anchor) and distributors and agents.

MSB will evaluate and approve credit limits based on transaction volumes between distributors, agents, and centre enterprises.

To maximise convenience and experience for businesses, MSB has built a Supply Chain Finance digital platform to support the integration and synchronisation of information exchange flows between Solv and MSB in an automated and highly secure manner.

Mayank Chandele, General Director of Solv Vietnam, expressed his excitement about the partnership, saying “We are delighted to work with MSB to provide our customers with a comprehensive solution that includes financial services. Our goal is to make business easier and more efficient for small and medium-sized enterprises, and we believe this partnership will help us achieve that goal.”./.