Highlights:
Marco Polo, the blockchain trade finance network with more than 30 banks, is about to launch an accounts payable solution called SME Early Pay in conjunction with Mastercard.
The Asian Development Bank annually publishes reports about those who struggle to secure trade finance, the so-called trade finance gap. It estimates there’s $1.5 billion of trade that nobody is willing to fund and the rejection rate for SME’s is 45% compared to 17% for multinationals.
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