💰Deutsche Bank launches first paperless import payment solution in India . Media Release | October 16, 2017
Deutsche Bank today announced that it has launched the first paperless import payment solution in India with its TradePay system.
Deutsche Bank’s TradePay uses the Reserve Bank of India’s Import Data Processing and Monitoring System (IDPMS) to verify import payments by checking them against details made available by the client on the system, eliminating the need for clients to share any physical documentation.
The data is then enriched by the client to meet regulatory requirements, validated by Deutsche Bank and converted into a payment-ready state. Newsroom