{"id":29267,"date":"2021-04-22T15:49:23","date_gmt":"2021-04-22T09:19:23","guid":{"rendered":"https:\/\/www.uab.com.mm\/?page_id=29267"},"modified":"2022-05-03T10:43:08","modified_gmt":"2022-05-03T04:13:08","slug":"faq-for-transaction-banking","status":"publish","type":"page","link":"https:\/\/uab.com.mm\/mm\/faq-for-transaction-banking\/","title":{"rendered":"FAQ for Transaction Banking"},"content":{"rendered":"
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FAQ for Transaction Banking<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t1. What is uab Next-GEN Supply Chain Financing (SCF)?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

uab Next Gen Supply Chain Financing (SCF) is web-based supply chain financing platform which is the solution for the companies who want to optimize working capital and reduce operating cost for their businesses.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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uab bank will help buyer to manage all the payments to the suppliers via a user-friendly online platform.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t3. What is DPN?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

DPN is digital promissory note which uab bank will prove to suppliers.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t4. What is SCF Payable Financing?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

Payables Finance. Also commonly known as Approved Payables Finance and Reverse Factoring. The bank is financing the suppliers for the credit term that the suppliers provide to the buyer.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Buyers can upload thier approved invoices on the platform (up to the approved SCF limit as per agreement with the bank). Suppliers will get DPN and can cash out on due date or able to make early encasement.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Buyers can repay uab on due date or can extend credit term with reasonable interest rate.\u00a0<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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As soon as buyer gets the facility limit approval from uab, buyer can start uploading their invoices on Kashtec platform and able to make payable process to their suppliers. Buyer can repay uab on due date or extend credit term up to 30 days which means that financial relieve by using SCF facility.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t8. As a supplier, what are the benefits of Kashtec platform?\u00a0<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

As soon as the supplier receives uab DPN (Digital promissory note), suppliers can be able to cash out on payment due date which means that avoiding the late payment situation from buyers.\u00a0 Suppliers can also be able to make early encashment before due date with reasonable rate.\u00a0<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t<\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t9. What are the processes to apply SCF facility at uab?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

To apply SCF facility, the processes are very simple,\u00a0<\/p>

Step 1 – open uab bank account\u00a0
Step 2 – Apply SCF facility with required documents
Step 3 – Enter SCF agreement with uab and onboard the system
Step-4- System awareness trainings to both buyer and supplier assign team.\u00a0<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t

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Please click the link to apply or enquire for :<\/span>
Inquiry for Supplier<\/a><\/span><\/em>
Inquiry for Principal\/Buyer<\/a><\/span><\/em><\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

FAQ for Transaction Banking 1. What is uab Next-GEN Supply Chain … <\/p>","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-29267","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nFAQ for Transaction Banking - uab bank<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.uab.com.mm\/faq-for-transaction-banking\/\" \/>\n<meta property=\"og:locale\" content=\"my_MM\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ for Transaction Banking - uab bank\" \/>\n<meta property=\"og:description\" content=\"FAQ for Transaction Banking 1. 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