U.S. Bank completed its first electronic presentation collection transaction, to ICICI Bank (India), supporting exports from the United States to India.
Following the initial transaction, a consistent stream of live transactions has continued between U.S. Bank and its Indian counterpart, with plans to expand the collaboration to additional banks globally.
“Our clients are looking for smarter, more efficient ways to manage their import and export activities. This fully digital process is a step toward delivering the speed, transparency and reliability businesses need in today’s trade environment.“
U.S. Bank
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