Telebanking

What is Telebanking? Telebanking expands to Telephone Banking. It is basically an automated facility, in which the customer can access account information and also perform various routine transactions using a keypad or touch-tone telephone without actually going to the bank branch or ATM, or accessing a mobile application/website. It is the first technology-based banking service […]

Forfaiting

What is Forfaiting? Forfaiting is a kind of international trade finance wherein export bills receivables are discounted, with which the exporters can get instant cash by selling their receivables. ‘Forfait’ is a French word, which refers to ‘relinquish a right’. Therefore, in financing ‘forfaiting’ implies giving up of the right to receivables, which are due […]