<h1>Cashless procurement integration enhances supplier access to payment, guarantees and financing on the government e marketplace platform.</h1> GeM has signed MoUs with Indian Bank and Canara Bank to enable a cashless, paperless payment system on the platform through services including GeM Pool Account transfers, electronic advising of Performance Bank Guarantees, Earnest Money Deposit management and payment gateway access. GeM is also developing bill discounting and working capital financing linked to seller performance with banks, TReDs and SIDBI and is contemplating an EMD pool account to simplify bidder compliance.