Yes Bank has completed first-of-its-kind digital transaction with Welspun Global Brands (WGBL) – a subsidiary of Welspun India, in the form of e-Presentation, involving end-to-end electronic presentation of export documents.
WGBL has yearly export flows of $700 million. With this transaction, Yes Bank has become 1st Indian Bank to facilitate Electronic Presentation of Export Documents.
The electronic documentation of International Trade e-presented through a digital platform built by UK-based Bolero International will replace the need to exchange physical documentation, thereby reducing turn-around-time from 10 days to real-time for all parties involved, while establishing a precedent for faster, secure, cost-efficient settlement of crossborder trade, resulting in optimization of working capital.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.