Midland Bank signs deal with UK-based Primadoller
Tuesday, 1 September 2020
Midland Bank Limited, signed an agreement with Primadollar Operations Limited, a UK-based company, to provide better services to its foreign trade customers, said a statement.
Midland Bank Limited jointly with Primadollar Operations Limited, will launch fintech-based factoring services for exporters. This will allow local exporters to receive their usance bills instantly drawn under sales contract. This will increase the cash flow of exporters.
Headquartered in the United Kingdom since 2015, Primadollar has 12 offices worldwide.