The difference between electronic account of Agricultural Bank of China and factoring electronic finance

1. "Factoring e-finance" business means that China Agricultural Bank cooperates with high-quality core enterprises, enjoys credit information, accounts receivable, accounts payable, invoices and other information resources on the core enterprise information system and supply chain financial platform with the help of financial technology, and applies the Internet financial credit service platform to provide batch, automatic, convenient and multi-level comprehensive financial services such as accounts receivable management and factoring financing to suppliers who hold the accounts receivable promised by the core enterprises.

2. ABC's "e-account connection" business refers to providing online supply chain financial services such as accounts receivable issuance, splitting, transfer, due payment, traceability and domestic factoring, relying on the accounts receivable management service platform and taking e-letter as the right of accounts receivable in electronic certificate.