Current Affairs - Miscellaneous - Discussion

A digital payments company PayPal and the Federation of Indian Export Organisations (FIEO) signed a Memorandum of Understanding (MoU) for promotion of outbound shipments among small and medium enterprises (SMEs). As per the terms of the MoU, PayPal will work with FIEO to educate SMEs on how to leverage global opportunities, help them receive money in a safe and timely manner with PayPal products and inform them of global best practices. The programmes and seminars undertaken for this purpose will not only create awareness but will also address some commonly faced challenges by SMEs. Through activities carried out under the scope of this MoU, FIEO will be able to reach out to cottage industries, MSMEs, artisans and clusters, even in distant areas to develop their orientation towards exports.