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Mastercard collaborates with India’s M1xchange to roll out digital invoice discounting for farmers

Published on April 24, 2023

Current Context: Mastercard announced its collaboration with M1xchange to offer a digital invoice discounting solution to farmers, farmer producer organizations (FPOs), and agri-MSMEs through Farm Pass.

Mastercard collaborates with India’s M1xchange to roll out digital invoice discounting for farmers
  • Mastercard aims to bring together MSMEs, FPOs, traders, and farmers on a single platform to address their working capital and credit needs through an invoice discounting solution, leveraging the secure and consented data on the Farm Pass platform.

Question: 

Q.1 Who has Mastercard collaborated with to offer a digital invoice discounting solution?
a. FPOs
b. Farmers
c. M1 Xchange
d. Agri-MSMEs
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