How MSMEs can enhance cross-border trade

3 months ago The Economic Times

It is this new market scenario which led to a significant increase in the participation of MSMEs in online selling, social commerce, and cross-border trade According to a recent survey, 9 in 10 MSMEs say cross-border trade is a key area for business growth, and 2 out of 3 MSMEs use social media today as a sales channel. This change in approach by MSMEs has significantly contributed to the increase in international trade volumes as the world recovers from the economic downfall of the COVID-19 pandemic.Despite the immense potential that cross-border trade holds, small and medium business owners contributing to India’s growth story have been struggling. They are not sufficiently armoured to handle the disproportionate number of obstacles, when it comes to seamlessly integrating technology into their current workflows and reaping the benefits of cross-border trade. It is in this environment that companies like Tazapay and Payglocal provide digital business verification and digital escrow services to small-medium enterprises. Processes like quality inspections, stock verifications, user verification, logistics, documentation, contracting and more are paramount in the day-to-day activities of cross-border trade.
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India vs Pakistan: The final over, as it happened

With India chasing 160 to beat Pakistan in their Twenty20 World Cup opener in Melbourne, India needed 16 runs off the final over from Mohammad Nawaz, with batsmen Virat Kohli and Hardik Pandya at the crease.19.1 PAKISTAN BREAK THE PARTNERSHIPPandya (40) had struggled against spin and Pakistan drew first blood when the all-rounder attempted to smash the ball on the leg side, only to edge the delivery to the covers where captain Babar Azam pouched the catch.19.2 KARTHIK ROTATES STRIKENew batsman Dinesh Karthik went on the front foot as soon as he got in and made contact with a full toss to take a single and hand the in-form Kohli the strike.19.3 FOUR BALLS, 15 TO GETKohli directs a yorker to long on and takes two to keep the strike. Three balls, 13 required.19.4 THE PENDULUM SHIFTSNawaz's high full toss is smashed by Kohli over deep square leg, where the fielder on the ropes gets a hand to it but fails to keep the ball in play and it goes for six.The umpire also calls a no ball for height and his counterpart Marais Erasmus walks over from square leg to placate the Pakistani skipper , who was fuming over the call.19.4 THE PRESSURE GETS TO NAWAZThe bowler cannot keep his cool and he bowls a wide yorker - far too wide and the umpire signals a wide.19.4 BOWLED OFF A FREE HITKohli is castled as the ball strikes the off stump but he's already running to the non-striker's end as it is still a free hit. With the ball heading to third man, 37-year-old Karthik runs well between the wickets as they take three.19.5 TWIST IN THE TALEKarthik tries to make room for a shot but the ball hits his pad. Wicketkeeper Mohammad Rizwan is quick to react seeing his opposite number outside his crease, whipping the bails off to complete the stumping and handing Pakistan the advantage.19.6 ONE BALL, TWO TO WIN, ONE TO TIEKohli is stranded at the non-striker's end and the fate of the run chase is in Ravichandran Ashwin's hands - until the pressure gets to Nawaz again and he bowls a wide down the leg side that Ashwin gleefully leaves.19.6 INDIA SNATCH VICTORYAs Pakistan's fielders close in to stop the single and force a Super Over, Ashwin scoops the ball over the inner circle and runs to the other end with his arms raised as the Indian fans among the 90,000 at the Melbourne Cricket Ground erupt in joy.India wins by four wickets and Kohli is adjudged the player of the match for his unbeaten knock of 82 under pressure, smashing six fours and four sixes.

3 months ago The Economic Times
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