Trade Digitisation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A new commitment made by G7 digital and technology ministers to adopt electronic transferable records in international trade transactions has been hailed as a “momentous step forward” for trade digitisation, and businesses are being called upon to get ready for digital trade now – or risk being left behind. At a meeting held last week, the intergovernmental organisation, made up of Canada, France, Germany, Italy, Japan, the UK and the US, agreed a framework that will champion the work of the United Nations Commission on International Trade Law (UNCITRAL) and promote the adoption of its ...

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After a series of pilot transactions, FQX, a Swiss-based fintech focused on electronic negotiable instruments, has launched its electronic promissory note, or eNote, solution into the global market, bringing a 2,000-year-old debt instrument into the digital age. First used during the Han Dynasty in 118 BC, promissory notes are negotiable instruments that enable companies and individuals to obtain finance based on an unconditional promise to pay. Much like other paper-based trade processes, promissory notes are cumbersome and time-consuming to operate. FQX’s solution solves for this by movin...