Author: Digital Trade Outlook

NEW DELHI, Nov 12 (Reuters) – India’s cabinet has approved spending 450.6 billion rupees ($5.1 billion) on support for exporters, including 200 billion rupees in credit guarantees on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday. The plan includes the allocation of 250.6 billion rupees over six years for affordable trade finance for small exporters, logistics and market support under an export promotion package to help offset the impact of recent U.S. tariff hikes. The new U.S. tariffs, including a 25% punitive levy over New Delhi’s Russian oil purchases, raised duties to as high as 50% on items such as garments,…

JOHANNESBURG, Nov 11 (Reuters) – One of South Africa’s top retail banks, First National Bank (FNB), launched a new cross-border payment platform with Mastercard (MA.N), opens new tab on Tuesday that aims to make remittances and international transfers easier and cheaper. The Globba platform would help customers looking to send money to other African countries like Zimbabwe, Malawi, Mozambique and Ghana, and First National Bank said it aims to eventually extend the service across its network in Africa. Cheaper and easier remittances and transfers have been a priority issue for South Africa’s G20 presidency. Last month the G20’s Financial Stability Board warned…

DUBAI, Oct 30 (Reuters) – Dubai-owned ports and logistics company DP World has pledged to invest an additional $5 billion in India to strengthen its integrated supply chain network, the company said in a statement on Thursday. This is in addition to the $3 billion that UAE’s DP World has already invested in India over the past three decades, the statement added. In January 2024, the company signed $3 billion worth of memoranda of understanding with India’s Gujarat state government, covering the development of new ports, terminals, and economic zones in the Indian state. Announced at India Maritime Week 2025, the latest…

Oct 29 (Reuters) – India’s central bank on Wednesday proposed measures to make it easier and faster for people and businesses to receive money from abroad, aiming to cut delays between when a bank gets the payment and when it reaches the recipient’s account. “One of the challenges with speed of cross-border payments is the delay between receipt of the payment at the beneficiary bank and credit to the beneficiary account,” the Reserve Bank of India said. The RBI, in a draft circular published on its website, proposed that banks should ensure payments received during foreign exchange market hours are…

WASHINGTON, Oct 28 (Reuters) – Nvidia (NVDA.O), opens new tab and Palantir Tech (PLTR.O), opens new tab on Tuesday announced a deal in which Palantir will tap Nvidia’s chips and software to help its customers speed up decision making in complex fields such as logistics. Well-known as a defense contractor, Palantir’s shares have risen this year, driven by increased defense spending on its military-grade AI tools. But the Denver-based company is also pursuing corporate customers, where its platform can ingest data from many different corporate systems, such as staffing and inventory software, to give executives a real-time view of business performance. Under the deal struck…

Oct 28 (Reuters) – Saudi Arabia’s sovereign wealth fund and UK Export Finance, the British government’s official export credit agency, signed a memorandum of understanding worth up to $6.8 billion to support British firms in Saudi markets, Saudi state media reported on Tuesday.

LONDON, United Kingdom, October 24, 2025 (EZ Newswire) — For the last few years, the global economy has been experiencing an acute crisis related to the unstable price dynamics of energy resources and the imbalance of supply and demand. There is a shortage of energy resources in many markets. For example, in the European market, there is a shortage of gas, electricity, coal, and petroleum products. Along with the expansion of the package of sanctions and retaliatory measures, the corridor of opportunities for investors and businessmen worldwide is narrowing. Therefore, in these circumstances, it is crucial to find a trading…

AMSTERDAM, Netherlands, October 22, 2025 (EZ Newswire) — XDC Network, a blockchain driving innovation in trade finance, recently achieved a major milestone with the listing of its ETP (ticker: XDCN) on Euronext Amsterdam, celebrated with a bell-ringing ceremony attended by key stakeholders and industry leaders. The milestone was achieved in partnership with 21Shares, a global leader in cryptocurrency exchange-traded products (ETPs), highlighting their joint mission to connect traditional finance with decentralised networks through innovative investment solutions. The 21Shares XDC Network ETP, listed on both Euronext Paris and Euronext Amsterdam, offers investors regulated, institutional-grade exposure to the XDC Network, a blockchain designed…

SINGAPORE, October 22, 2025 (EZ Newswire) — In a landmark move for the digital trade-finance industry, XDC Ventures, opens new tab, the investment arm of the XDC Network, opens new tab, has announced the acquisition of Contour Network, opens new tab, the leading blockchain-based platform for digitized letters of credit (LCs). Originally backed by a consortium of global banks including HSBC, Standard Chartered, BNP Paribas, Citi, DBS, ING, Bangkok Bank, and CTBC Bank, Contour’s revival under XDC Ventures marks a pivotal step in bridging traditional finance (TradFi) with Web3 innovations. This acquisition bolsters XDC Network’s standing as the premier Layer 1 blockchain for…

SINGAPORE, Oct 16 (Reuters) – DBS Group (DBSM.SI), opens new tab, the largest bank in Southeast Asia, said on Thursday that it has partnered with Riyadh-based Banque Saudi Fransi to strengthen trade finance and payment flows between Asia and Saudi Arabia. The partnership, aimed at capitalising on the economic ties within the Gulf Cooperation Council (GCC) region, will involve collaboration on trade settlement, financing and regional currency-clearing solutions, Singapore-based DBS said in a statement. The agreement comes as economic flows between the GCC and Asian nations accelerate. Trade between Southeast Asia and the GCC reached about $130.7 billion in 2023 and is…