With global trade starting to recover from the pandemic, Contour is operating a new lab collaborating with banks and corporates, among others, to work on digital-native trade finance, a Wednesday (June 30) press release said. Future of Finance Lab, based in Singapore, will address inefficiencies...
In today’s top payments news around the world, China’s State Council reportedly said that small and micro-sized firms can defer loan payments past Q1 2021 as needed, while China’s Ant Group is curbing the borrowing limits for some young users of Huabei. Plus, U.K-based Liberis...
Today in B2B payments, lenders land SMB relief support in U.S. pandemic aid package. Plus, Contour completes blockchain trade finance transaction, Liberis raises funding for SME financing, Pakistan eyes digitizing supply chains, and Ripple faces SEC charges. Pandemic Aid Package Provides Relief For Lenders To...
Decentralized digital finance trade platform Contour has completed a pilot blockchain transaction between textile companies Tainan Spinning and Century Synthetic Fiber Corporation in Vietnam, according to a press release. The release also stated the transaction showcases the business growth in Vietnam and Taiwan. “As the...
April 18, 2023
Citi India tapped Contour to conduct its first blockchain-enabled letter of credit transaction. It was the banking giant’s first transaction using Contour, a digital trade finance network of which Citi is a founding member bank, according to a Monday (April 17) press release. Contour’s decentralized global trade finance network has shown that letter of credit […]
