Friday, 24 March, 2023

DBS bank India introduces first paperless trade financing solution

<p>DBS India introduced paperless financing of domestic invoices. The bank will digitally validate the e-Way Bill to ensure that the trade transactions are genuine. The process enables DBS to make transactions quicker without the need for physical documents. Recently, &nbsp;it has also executed the first paperless domestic trade financing transaction with Lincon Polymers. The bank is well-positioned to offer the service to SMEes after merging&nbsp; LVB with it.&nbsp;</p> <p>&nbsp;</p>