Ping An Digital Bank launches two trade finance products for SMEs

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Ping An Digital Bank has launched two trade finance products, Receivables Finance and Invoice Financing, offering importers and exporters revolving credit facilities of up to HK$50 million. Businesses can apply through a single digital platform, with funds available in as little as one business day; exporters can obtain financing against commercial invoices and bills of lading, while importers can pay suppliers directly with the approved financing amount, with tenors of three to six months.