KUALA LUMPUR: B2B Commerce (M) Sdn Bhd, which partnered OCBC Bank (M) Bhd, has become Malaysia’s first home-grown company to facilitate cross-border business-to-business (B2B) electronic trade settlements for SMEs.
In a statement, OCBC said the move, featuring B2B Commerce’s new online platform B2B DaiGor, was expected to help SMEs contain cost whilst minimising the hassles related to cross-border transactions. It will benefit existing SMEs in the import-export market and those who are ready to take on the global market.