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BRICS has made efforts to create payment system based on digital currencies and blockchain to reduce reliance on US dollars in settlement.
blockchain, digital payments, report, de-risking, tokenization
Eric Grover, Principal at Intrepid Ventures, analyses the unbalanced competition between central banks and private-sector payment systems across the globe, revealing what are each’s strengths.
central bank, payments system, cross-border payments, fintech
National Bank of Pakistan (NBP) has implemented Finastra’s Fusion Trade Innovation solution to power its trade finance operations.
partnership, trade finance, banks, transactions , supply chain finance
TreviPay, a payments and invoicing network, has launched its Small Business Supplier Network (SBSN) across the US.
banks, product launch, payments , e-invoicing, financial services
Experts from the Amsterdam University of Applied Sciences dive deep into the latest data of online marketplaces operating in Africa and Latin America and the Caribbean (LATAM)
marketplace, ecommerce, merchants, retail, online shopping, cross-border ecommerce
Members of the World Trade Organization (WTO) have agreed on a landmark deal that could cut trade costs by GBP 113 billion a year.
regulation, SMEs, trade finance
Factorin, blockchain, SCF, platform, trade finance, transactions , Magnit, Dixy, SME, SMB, international trade, supply chain finance
Singapore, New Zealand, and Chile have finalised the Digital Economy Partnership Agreement addressing e-invoicing, fintech, data flows, and digital trade, writes ZDNet.
Singapore, New Zealand, Chile, Chan Chun Sing, Trade and Export Growth, David Parker, Rodrigo Yanez, World Trade Organization, WTO Joint Statement Initiative on E-Commerce, e-invoicing, digital identity, fintech, financial technology
Over 80 members of the World Trade Organisation have initiated discussions aimed at mapping out a rule-based electronic commerce initiative.
WTO, World Trade Organisation, cross-border ecommerce
The World Trade Organisation has announced that member nations will start discussing new ecommerce rules in March 2019.
World Trade Organisation, WTO, ecommerce, digital transactions
Lithuania has been consolidating its position as an attractive gateway to European single market for global blockchain and fintech players.
blockchain, fintech, Lithuania, World Trade Organisation, WTO, European Commission, EC, European Parliament, EP, ConsenSys
The World Trade Organization has released a report arguing that blockchain and distributed ledger technology could be a boon for international trade.
World Trade Organization, survey, study, report, world trade, international trade, trade finance, blockchain, distributed ledger technology
The European Bank for Reconstruction and Development, the World Trade Organisation and Moldova’s Ministry of Finance have launched an e-procurement system.
Moldova, European Bank for Reconstruction and Development, World Trade Organisation, Moldovas Ministry of Finance
The global trade regulator World Trade Organisation has joined six other international organisations to work on closing the gaps in global trade finance.
World Trade Organisation, global trade, trade finance, Islamic Trade Finance Corporation, Islamic Development Bank Group, International Monetary Fund, European Bank for Reconstruction and Development, Financial Stability Board
ICC has launched the Digital Economy Committee, aiming to facilitate UK’s involvement in the digital economy by providing a platform for businesses to influence international policy.
ICC, International Chamber of Commerce, UK, ecommerce policy, WTO E-Commerce agreement
eBay has signed a new deal in China to setup a subsidiary in the Fujian Pilot Free Trade Zone.
eBay, China, US, ecommerce, cross-border ecommerce, investment, Fujian Pilot, Free Trade Zone
The World Trade Organization (WTO) and the World Economic Forum (WEF) have joined with the Electronic World Trade Platform (eWTP) to bring forth ecommerce for governments and businesses worldwide.
World Trade Organization, WTO, World Economic Forum, WEF, eWTP, Electronic World Trade Platform, ecommerce
BRICS members have emphasised cooperation on ecommerce and intellectual property right (IPR) and sought faster removal of non-tariff barriers to boost trade.
BRICS, ecommerce, Brazil, China, Russia, India, South Africa
Privacy advocates have lobbied the EU Trade Commissioner about a disputed clause on data flows in TiSA (Trade in Services Agreement).
data privacy, data sharing. trade agreement, European Union, privacy law, TISA
The corporate and investment banking division of Bank of America, Bank of America Merrill Lynch (BofAML), has reportedly started a blockchain-based pilot for trade finance transactions.
Bank of America Merrill Lynch, blockchain, trade finance, finance, bank, SWIFT, BPO, R3