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If you are familiar with PayPal, Skrill or Apple Pay, then you know what an e-wallet is; an online application that allows you to deposit, withdraw, send, receive and manage money for financial transactions online. The best e-wallets will provide you with similar services to a bank account, with some restrictions (due to AML concerns) […]

A bond is essentially a loan contract between two parties. The seller of the bond receives a loan from the buyer of the bond, for the value stated on the bond. The bond issuer (seller) then pays the bondholder (buyer) the interest due on that loan (bond), periodically for the entire duration of the bond. […]

India’s ship building industry is experiencing significant growth in the export of light vessels, fire boats & floating docks, based on healthy increases in 2019 export figures. These vessels and floating structures come under Commodity Group 8905 in the UN Harmonized System Codes and are defined as, “Light-vessels, fire-floats, dredgers, floating cranes and other vessels, […]

Many international trade transactions are completed using an escrow account. This method works to increase trust between two parties who are not familiar with each other. For example, the exporter may request the importer to place a certain amount of money in an escrow account; either the full amount for the shipment or an ‘advance’ […]

Traditionally, farming evokes images of hard labour and toiling in the sun. While that has not entirely changed, the people (or should we say “things”) doing the toiling and hard labour, are changing rapidly. We are fast moving to an age of automated farming, and not the type of automation you may imagine with big […]

There is a tech boom going on in Africa, like almost everywhere else. However, the growth of the space is incredibly rapid in the continent. Accordingly, in 2019 there were 618 active tech hubs, while in 2018, this figure was only 442. That is a 40% leap forward. Tech hubs are defined as organizations that […]

From their inception in the early 2010s, until their meteoric rise to fame in 2017 on the back of Bitcoin’s astronomical bull market, digital (crypto) currencies were relatively obscure. Despite this, the technology behind them, blockchain, has robustly demonstrated its potential for use in financial services. As a cryptographically secured decentralized ledger system, it is […]

Legal tech, is slowly taking off in Africa, and like in many other parts of the world, it is helping to disrupt the legal services industry, which has traditionally been very conservative. Such companies are levelling the playing field and ultimately benefitting the consumer.  Outfits like Lenoma, for example, are providing anyone with an internet […]

Recently, the World Bank has committed to supporting four major projects in India that are expected to drive a range of development initiatives. The approval for these projects, worth over USD 800 million, was granted by the Board of Executive Directors of the World Bank in December 2020. Focus areas of the projects include strengthening […]

Trade finance involves cross border transactions, both financial and physical, along with diverse players, languages, jurisdictions and other variables. This makes it attractive to fraudsters and financial criminals. Therefore, it is the duty of every responsible trade finance provider to take necessary steps to mitigate the risk of fraud. At Euro Exim Bank, we take […]

The US is India’s top trading partner, but the two have not entered into any new trade agreements in the recent past. In fact, India has not entered into any trade agreements since 2012, largely due to internal politics. Most recently, India turned down an opportunity to be part of the landmark RCEP (Region for […]

China and India are long-time rivals, competing against each other in almost every sphere. They are not only Asia’s largest economies but also the world’s most populous countries, and India is just about set to take the lead in this area. When this happens, it will be one of the biggest demographic milestones in world […]

The prominence of payments in the global financial services system has undeniably risen over the last few years. In fact, the traditional payment methods have massively transformed to reach its current position, i.e. towards cashless payment systems. Recently, a crypto revolution has taken place in speed and acceptance of real-time payments, enabling cryptocurrency to decrease […]

In order to import Electrical Machinery & Equipment and Parts, Telecommunications Equip., Sound Recorders, Television Recorders, the importer should have a test report from a credited laboratory authorized or governed by importing country is required. A sample of imported Electrical Machinery & Equip and Parts, Telecommunications Equip., Sound Recorders, Television Recorders is given as per the procedures and rules of importing country and submits […]

Dubai is possibly the world’s re-export hub, making it a highly attractive destination for exporters. It is also a very attractive market for all kinds of goods, and the country is heavily reliant on imports. Thus, whether you are exporting to the UAE for consumption within the Emirates or for re-export to other countries in […]

It’s a matter of history that China and India have had a fraught connection for many years. Politics tensions have naturally had economic repercussions; but, India has coped gratefulness to an extended self-direction history. That self-direction stood us in a suitable place during the years. Cut to here, and the Covid-19 pandemic has brought an […]

Businesses concerned in international Trade have to ride out risks regionally and different business development risks like ethics, transportation, belongings, credit, currency, and a big deal a lot of. These risks will hamper the trade’s posh running, and in the future, applicable actions got to be used to bind their possessions. Intellectual Capital Risk:- This […]

The Indian pharmaceutical industry has risen to the occasion in every way possible as experts say the pharmaceutical exports may cross $25 billion this fiscal year 2020-2021. The Indian industry has grown leaps and bounds over the years. The exports for medicine and other goods for the last fiscal year 2019-2020 was over $20.5 billion. […]

Euro Exim Bank is an international financial institution headquartered in St. Lucia in the West Indies, holding a Class ‘A’ license, with a representative office in London. We serve corporate clients and import businesses around the globe, facilitating issuance and relay of trade finance instructions. In today’s rapidly growing international markets, marked by the ever-growing […]

The digitisation of value, driven by blockchain technology, could be the most transformative theme of the 21st century in finance. In addition to creating digital currencies, blockchain technology has many other uses. One of the most important is in the ownership of digital assets. Increasingly, blockchain technology is playing a role in the tracking and […]

Euro Exim Bank, facilitators of global trade, is well-equipped to service corporates and SME’s in these unprecedented times, with our innovative blockchain enabled SimpleX trade platform with immutable information gathering and sharing, and supporting Ripple real-time payments and frictionless low liquidity transactions with underlying XRP cryptocurrency. Today, with growth of business volume and credibility, and […]