The Hindu Businessline

TReDS related budget announcements to give major boost to volumes, M1xchange CEO says

The proposals made in the Union Budget for FY27 including mandating TReDS platforms to be transaction settlement platform for all purchases made from MSMEs by CPSEs (central public sector undertakings) and linking of government e-market place (GeM) will give a major fillip to business volumes of TReDS platforms, Sundeep Mohindru, founder and CEO of M1xchange, told businessline in an interaction. Even as the Centre is yet to share the finer details on credit guarantee support mechanism for invoice discounting on TReDS platform and using TReDS receivables as asset-backed securities, M1xchange is confident of achieving 1.25-1.30 lakh crore of volumes in FY26 and around 1.75 lakh crore next fiscal.