KredX & Canara Bank Partnered to Enhance MSME Digital Trade Finance via DTX

Current Context: On July 22, 2025, KredX partnered with Canara Bank to expand MSME access to digital trade finance through the DTX (Domestic Trade Exchange) platform, licensed under RBI’s TReDS framework.

Key Highlights:

• Aims to bridge India’s ₹30 lakh crore MSME credit gap by offering collateral-free, low-cost working capital.
• Canara Bank joins as a financing partner, leveraging its 9,500+ branch network to boost MSME onboarding.
• DTX enables real-time bidding on trade receivables, automated workflows, and seamless execution.
• KredX targets ₹15,000 crore in disbursals and support for 15,000 MSMEs by FY25.

Question:

Q.1 The DTX (Domestic Trade Exchange) platform, through which KredX offers trade finance, is licensed under which regulatory framework of the Reserve Bank of India (RBI)?
a) Unified Payments Interface (UPI) Lite
b) Bharat Bill Payment System (BBPS)
c) Trade Receivables Discounting System (TReDS)
d) Account Aggregator Framework (AAF)

Answer: c) DTX is a digital invoice discounting platform licensed under RBI’s TReDS framework, which enables MSMEs to raise working capital by selling their receivables.