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The Economist

The digitisation of trade’s paper trail may be at hand

The digitisation of trade’s paper trail may be at hand

  • 22.03.2018
  • min read

The Economist

The digitisation of trade’s paper trail may be at hand

Thomas Olsen, a partner with Bain & Company, thinks that digitization of records in trade could also slow the trend away from formal letters of credit, which now account for about 15% of trade finance. “Open account” trade, in which exporters send goods to importers and trust that their invoices will be paid, now accounts for the majority.

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