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Vayana TradeXchange & Arqit team to facilitate trade finance

By Gloria Mathias

March 27, 2024

  • APAC
  • Arqit
  • Arqit Quantum Inc
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Vayana Trade Xchange, Arqit Quantum Inc, (Arqit),
Fintech News, GIFT City, Trade Finance, Fintech News, Fintech Solutions, APAC Arqit Quantum Inc. (Arqit) and Vayana TradeXchange have announced a partnership to use Arqit’s TradeSecure digital negotiable instrument technology to transform international supply chains.

Vayana TradeXchange is a global marketplace facilitating the financing of cross-border trade, headquartered in GIFT City, and operating under licence from the International Financial Services Authority in India (IFSCA).  It is part of the Vayana Group, which operates India’s regulated network for domestic supply chain finance.

The initial focus of the partnership will be India, Singapore, the United Arab Emirates (UAE), and the United Kingdom (UK), nations that are global leaders in the digitization of trade.

Vayana Group has facilitated over $30 billion in financing, serving over 300,000 enterprises in India.  Vayana TradeXchange revolutionises cross-border trade finance by making working capital available seamlessly across geographies.

Arqit’s technology delivers unique, referenceable, and transferable digital finance instruments that have broad commercial applications and enable businesses to get closer to pools of available liquidity and improve their cash flows.

This partnership enables exporters to use DNIs to get easy access to working capital against their trade receivables, while importers can optimise their cashflows by accessing finance from financial institutions across the globe.

Kalyan Basu, MD & CEO, Vayana TradeXchange said, “We are delighted to partner with Arqit to help companies unlock their working capital using these highly secure digital negotiable instruments. This partnership offers businesses easier access to investors/financiers who are willing to lend against receivables based on the negotiation of digital promissory notes and bills of exchange minted on TradeSecure. DNIs will offer immense flexibility to asset owners in terms of access to a large pool of credible investors with a secure end-to-end digital journey.

David Williams, founder of Arqit, said, “The market for digital negotiable instruments is expected to exceed $4 trillion per year.  This partnership is a fusion of India’s leading cross-border supply chain finance platform with Arqit’s groundbreaking TradeSecure, which is the only DNI solution that complies with the new laws and delivers permanent, provable security.  We are excited to take this collaboration to a high scale with Vayana TradeXchange.”

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