WinstantPay launches TradeEnabler 2.0, opening the world for SMEs.

WinstantPay launches TradeEnabler 2.0, opening the world for SMEs.

TradeEnabler (TE) has empowered small and medium sized banks for over a decade, servicing corporate clients with traditional trade finance products such as letters of credit.

Most SMEs jumping into international trade are in need of a solution for terms are now trading on a prepaid, partial prepaid and ultimately open account.
TE 2.0 introduces invoice presentment and management on a decentralized basis. SMEs can now present their invoice electronically and get acknowledgement of the customer’s intent to pay prior to shipping. Businesses also get to screen their counterparties prior to transacting with the minimum or enhanced due diligence integrated service of WorldKYC TM.

This functionality alone greatly reduces the risk of fraud in international trade. Customers can get to know their supplier before they commit to paying while lenders can reduce the risk of financing foreign receivables.

The platform is scalable and it’s decentralized collaborative architecture allows multiple parties to interact, track and manage trade finance transactions from start to finish, in real time.

TE 2.0 is blockchain empowered, opening the world of decentralized finance (DEFI) with full transparency. Track the status of shipments, and payment with SWIFT GPI. Emerging countries stand to gain significantly from this platform.

About WinstantPay
WinstantPay is a global payment network providing merchants and individuals a reasonably priced global final payment in an instant, in any currency, anywhere, anytime, with integrated anti-money laundering (AML) compliance that reduces time, costs, risks associated with payments. Serving financial institutions of all sizes for the last 18 years with financial services, software development, and business support, WinstantPay is also a founding member of WorldKYC-AML.

For more information on how WinstantPay can deliver cutting edge business, visit our website and follow us on:
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