Lloyds Bank completed its first India–UK digital Letter of Credit with ICICI Bank, executed entirely on the WaveBL platform.
The transaction demonstrated how digital LC workflows can replace long paper-based cycles with near real-time execution – enabling instant document exchange, improved transparency, reduced courier costs, and streamlined compliance.
“By enabling documents to be presented instantly, this technology removes delays and accelerates access to finance. The speed of digital presentation supported a financing opportunity that would have been impossible using traditional paper processes. “
Lloyds
