Mercantile Bank Limited (MBL) signed Memorandum of Understanding (MoU) with PrimaDollar, UK to facilitate Fintech based Export Factoring services to the customers of MBL exporting under Open Account credit terms on Monday. Under Export Factoring, exporters of MBL may be eligible to receive up to 95 per cent of the deferred value of the goods on sight basis from PrimaDollar, UK. Shamim Ahmed, DMD of the bank and Munawar Uddin, Country Manager of PrimaDollar, signed the MoU on behalf of their respective organizations at bank’s premises. Senior officials from both the organizations were also present.