New Student Offer - HELLO

Join Here

‘Trade nxt’ is a Cross Border Online Platform Launched by Union Bank of India

Published on May 14, 2022
Current Context: To facilitate the Indian importers and exporters, UBI has launched an online platform by the name ‘Trade nxt’.
‘Trade nxt’ is a Cross Border Online Platform Launched by Union Bank of India
  • It provides a hassle-free experience and various services for all enterprises who were enable to conduct all export-import transactions, they can get a letter of credit, bank guarantees, export/import bills, outward and inward remittances, and many other things in a single platform.
  • It ensures better governance and also saves time for companies to visit the bank branches to initiate trade transactions.
  • This platform also enables a user-friendly experience for regulating online auto reporting through Import Data Processing & Monitoring Systems, Export Data Processing & Monitoring System, and many other reporting systems which are linked to different transactions.
  • Apart from that, It includes many key features like digital transactions around the clock, payment reminders, payment due dates, etc.
  • This kind of platform will bring a revolutionary change to export and import sectors with enhanced security and controls.
  • Static part:
    • Union Bank of India MD & CEO: Rajkiran Rai G
    • Merged Banks: Andhra Bank, and Corporation Bank;
    • Headquarters: Mumbai, Maharashtra.


Q.1 Which among the following has launched the Tradenxt platform for export/import sectors?
a. State Bank of India
b. Union Bank of India
c. Canara Bank
d. Bank of Baroda
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu