PrimaDollar, a Supply Chain Trade Finance platform is now planning to conduct its business in India after launching it in the UK. Supply chain trade finance is a unique and efficient way that allows big corporates to handle the funding and payment system for their overseas suppliers.
As per the release, “Replacing LCs and other bank trade finance instruments, it delivers immediate cost savings, reduces street prices for goods, and improves India’s international competitiveness. With the top 100 Indian importers bringing in over $30 billion in goods every year, PrimaDollar is targeting savings for this sector of at least $50 million”.
Originally Posted:- https://www.emeriobanque.com/news/primadollar-is-to-bring-supply-chain-trade-finance-in-india
Company :-Emerio Banque
User :- Kenneth Jackson