Contour: Launches domestic offering in Bangladesh
- Contour is building the world’s open trade finance network. By focusing on collaboration and leveraging new technologies
- Launched its first domestic offering in Bangladesh – a trade finance network specifically designed to offer SMEs
- Plans to onboard more than 50 corporates supported by Bangladeshi and international banks in the next six months
- LCs are one of the most popular trade payment methods in Bangladesh
- The traditional paper-based processes and systems underpinning LCs are archaic and create significant barriers for SMEs
- The new domestic Bangladesh network has been tested extensively and works effectively for local and international transactions
