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India's Central Bank completes first fully digital supply chain finance transaction via PSB Xchange, boosting MSME lending.
India’s Central Bank of India has completed the first fully digital end-to-end supply chain finance transaction on the PSB Xchange platform, developed by PSB Alliance with Veefin Solutions.
The milestone, enabled by a fintech partner, processed a corporate lead from origin to approval and acceptance without manual steps.
The platform connects banks, NBFCs, fintechs, and corporates, using AI and API technology to streamline financing, particularly for MSMEs.
CBI’s successful execution confirms the system’s real-time credit capabilities and marks a key advancement in India’s digital lending infrastructure.
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El Banco Central de la India completa la primera transacción de financiamiento de la cadena de suministro totalmente digital a través de PSB Xchange, impulsando el préstamo a las MSME.