Veefin's PSB Xchange onboards Punjab National Bank as lending partner
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Veefin-developed platform PSB Xchange has onboarded Punjab National Bank as a lending partner. PNB, India's third-largest Public Sector Bank, will use the unified digital platform to offer supply chain finance to MSMEs, dealers and distributors linked to anchor corporates. The move expands the platform's lender ecosystem, adding one of the country's leading Supply Chain Finance lenders. PSB Xchange connects banks, NBFCs, corporates and fintechs for digital execution of working capital programmes.
Strengthens Veefin's PSB Xchange platform with a major PSU bank, expanding reach and long-term revenue potential in digital supply chain finance.