Ngulminthang Lhanghal - Financial Expert

The collaboration brings together DiMuto’s global trade solutions platform and Aleta Planet’s B2B cross-border payment solutions to make payments in and out of China more efficient and transparent, the companies said in a Tuesday (Jan. 17) press release. “Our customers now enjoy greater flexibility and visibility with the addition of this payment gateway option to our Payment Management module,” DiMuto founder and CEO Gary Loh said in the release. “Strengthening our ability to track trade payments will greatly open up opportunities for financing of trades on our platform.” PYMNTS research has found that only 23% of small businesses are happy with their cross-border payment solutions. As a result, companies around the world are turning to multicurrency tools, targeted strategies and future-fit accounts payable (AP) and accounts receivable (AR) solutions to help accelerate and streamline their international growth, according to “International B2B Payments: A Guide for Entrepreneurs and D...

The African Development Bank Group is supporting the trade finance efforts of Bank One Limited.  The Group will provide a $40 million trade finance package that is meant to help Bank One of Mauritius increase its capacity to provide trade finance to small to medium-sized businesses (SMBs), local corporates and other key sectors in Mauritius and across Africa, the African Development Bank said in a Thursday (Dec. 22) press release.  The package includes a $25 million risk participation agreement and a $15 million transaction guarantee, the release said.  “Given the cross-sectoral nature of trade, the proposed facility, while leveraging Bank One’s footprint, is expected to enhance the African Development Bank’s efforts to integrate Africa and improve the quality of life for the African people,” African Development Bank Head of Trade Finance Lamin Drammeh said in the release.  Africa has an annual “trade finance gap” of $81 billion because SMBs and other domestic firms ...

 BPC’s smart city payment division  O-CITY  has partnered with DSK Bank in Bulgaria and its subsidiary DSK Mobile, both part of OTP Group and local operator CNS, delivering the new ticketing system overseen by the Sofia Urban Mobility Center. Passengers can now pay using contactless Visa or Mastercard bank cards issued by any bank or FinTech company across the world or respective NFC mobile wallet, in 3,900 validators installed across the capital’s public ground transportation system, including buses, trams, trolleybuses. O-CITY ensures passengers can seamlessly and securely tap-to-pay with their bank card in public transport or any other means of payment, wallet, QR code and more. Using a BPC eCommerce solution for DSK Bank, the SUMC web portal provides functionality to pre-purchase a travel subscription on close loop transport cards, completing the full scale of digital payments for public transport services. This flexibility in payments is possible with O-CITY’s open-l...