BBX digital trade credit-based e-commerce platform launches in India

India, March 9, 2022: After successful business expansions in Australia, UK and South Asian markets, BBX is now entering new markets in India with its B2B e-commerce platform. As part of their plans to expand into the Indian market, BBX Holdings Pte. Ltd has founded a company in India named BBX Tech Bharat Pvt Ltd which is headquartered in Mumbai. Having its own business here puts BBX in an optimal position to meet country-specific requirements in the Indian market.

Dr. LEE OI KUM – Chairman of BBX Holdings has always been optimistic about the opportunities in India. “Small and Medium Enterprises (SMEs) have always been recognized as the socio-economic engine of the country’s economy. When SMEs come together as a strong community on the BBX Trading platform, they, with their entrepreneurial spirit, enable themselves to be in a better competitive position to capitalize on the next post covid growth cycle BBX SMEs offer the ability to embrace technology in transactions, increase market share and relationships Representing all SMEs on the global BBX platform, we welcome India as a new country in today’s sharing economy for a better future for all,” says Dr. Lee.

The number of digital consumers nearly tripled between 2018 and 2021, with further immense growth expected in 2025, as average spending per digital consumer is also expected to triple by 2025. The shift of businesses and consumers from offline to online transactions online has encouraged the growth and development of the digital age of business.

Carolin MacDonald, CEO of BBX Holdings, said, “We are excited about the opportunities for business growth in India. BBX is in a unique position and will continue to evolve and grow into new markets. We look forward to strong business growth with new market launches backed by effective and compliant strategies.” She also mentions that with Vijay Bhaskar leading the business here, BBX has a Director of highly experienced country on board to support the projects in India and to build the company’s footprint.

The digital wave

Remote work and online collaboration tools make it easier to conduct business and BBX India provides community outreach and business connectivity through its unique platform. BBX India gives businesses the opportunity to network, collaborate and engage, taking into account the limitations that COVID-19 has placed on businesses.

BBX Group is leading the way in helping businesses capitalize on the digital wave by providing online opportunities that would otherwise be conducted in alternative forums.

About BBX

BBX is a B2B financial solutions provider focused on a seamless business experience, enhanced by using trade credits as the settlement of financial transactions. BBX is committed to building a community of business owners by dismantling barriers to economic growth, acting as a third-party custodian of records, emphasizing the member experience. Founded in 1993, BBX is now present in 11 territories

BBX Holdings Pte. Ltd is based in Singapore. It manages and owns the e-commerce platform using trade credit tokenization and the BBX brand. This mark is intended for the platform and the community of members (BBX community). In mature markets like Australia, New Zealand, Costa Rica and the UK, BBX operates under BBX International, which is licensed by BBXH.

BBX Tech Bharat Private Limited in India, is a wholly owned subsidiary of BBXH. BBXH’s first non-exclusive national licensee is BBX Payeasy Pvt Ltd, a subsidiary of Arrowswift Pvt Ltd. He has helped build the BBX community in India. The BBX community is a group of entrepreneurs and legal persons who join the company as members.

Disclaimer: This content is distributed by SRV Media. No HT journalists are involved in the creation of this content.

To subscribe to Mint Bulletins

* Enter a valid email address

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our app now!!

About Matthew Berkey

Check Also

Apple digs deeper into cars and payment systems

Apple says it will deeply integrate its technology into the driving systems of cars as …