Maybank Singapore taps PracBiz to streamline supply chain finance

The partnership targets businesses in the fast-moving consumer goods sector.

Maybank Singapore has partnered with PracBiz to offer financing solutions to users of the PracBiz Exchange (PBX) platform, combining supply chain financing with PBX's digital transaction ecosystem.

This collaboration focuses on providing liquidity and optimising financial processes for businesses in the fast-moving consumer goods (FMCG) sector and related supply networks.

PBX is a business-to-business platform that streamlines procurement and invoicing, reducing reliance on paper-based processes for buyers and suppliers. 

Managed by PracBiz, PBX processes over $5b in transactions annually across major retail chains in food and beverage, FMCG, and pharmaceutical industries.