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Federal Bank - India’s first fully digital export collection transaction was executed on WaveBL
March 2024
India’s first fully digital export collection transaction was executed on WaveBL enabled secure digital document transfer.
The transaction eliminated the need for physical document handling and significantly reduced processing times, allowing both the bank and its customers to benefit from faster turnaround, lower operational costs, and improved efficiency across the trade finance workflow.
“There are substantial savings in time and resources for both the Bank and customers, in addition to having a favorable environmental impact.”