UOB – first lending partner to onboard OneSME under a MOU that was signed by UOB and OneConnect
United Overseas Bank (UOB), recognised as the best bank in Asia for helping SMEs achieve their growth ambitions, is the financial services partner to OneSME.
UOB and OneConnect signed an MOU which will see the bank provide its holistic suite of banking and digital solutions through the OneSME platform. These solutions will help SMEs in their collections and payments, trade financing, foreign exchange and working capital needs. SMEs will be able to apply for financing directly on the OneSME platform, thus making it easier for them to access the funds needed to seize business opportunities in China.
The bank will also support the SMEs in their digitalisation efforts through solutions such as UOB BizSmart , a cloud-based, integrated digital solution. UOB will also promote OneSME to its customers as part of its efforts to help them seize cross-border opportunities.
