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Which bank in partnership with ODeX launched ‘ODeX Pay Later Solutions’ to offer payment solutions to freight forwarders?
A)
HDFC Bank
B)
Federal Bank
C)
SBM Bank India
D)
DBS Bank India

Correct Answer :   DBS Bank India


DBS Bank India partners with ODeX to provide hassle-free credit solutions to freight forwarders.

* ODeX Pay Later Solutions powered by DBS aims to empower over 8,500 SMEs in the shipping industry. Industry-first platform-based postpaid lending program; offering an unsecured credit line up to INR 50 lakh.

* Enables ODeX customers to streamline credit workflows and avail financing through a transparent and paperless application process within the platform.

* India, 13 Aug 2021 - DBS Bank India announced that it has partnered with ODeX, one of India's leading platforms, to exchange shipping documents and facilitate payments, to introduce ODeX Pay Later Solutions powered by DBS. ODeX customers can access comprehensive payment and financing solutions through the partnership for all their ocean shipping transaction needs. This partnership is expected to benefit over 8,500 freight forwarders, aligning with DBS’s commitment to financing local businesses and supporting livelihoods.

Published On : August 18, 2021
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