Vayana Network begins operations of its ITFS platform, Vayana TradeXchange (VTX)

By VARINDIA - 2022-11-23

Vayana Network begins operations of its ITFS platform, Vayana TradeXchange (VTX)

Vayana TradeXchange, the International Trade Financing Services (ITFS) platform facilitating cross-border trade finance under the supervision of the International Financial Services Centre Authority (IFSCA), GIFT City, today announced the completion and disbursement of its first set of export financing transactions.

 

Vayana TradeXchange (VTX) is built and operated by Vayana (IFSC) Pvt Ltd, a 100% subsidiary of Vayana Network, the largest Supply Chain Finance platform in India.

 

The first set of transactions on VTX have been financed by VoloFin, a global fintech company offering invoice and supply chain finance solutions to SME businesses. The first cross-border transaction between an Indian Exporter and the USA Buyer was successfully financed on VTX by VoloFin.

 

VTX, the auction-based electronic platform will facilitate the financing of international trade flows by introducing various trade financing products at competitive terms. This will help exporters and importers in India and across the globe to convert their receivables into cash or obtain financing for payments of imports of goods & services.

 

Through this platform, exporters and importers will gain timely access to trade finance seamlessly across geographies, opening avenues to new business opportunities. The rates are discovered through a transparent bidding mechanism, with funds available in the currency of trade.

 

VTX has already onboarded State Bank of India, Yes Bank, India Factoring, VoloFin and Drip Capital as financiers and is envisaging to onboard another 10 financiers soon. The platform is seeing a lot of early traction with more than 10 exporters/ importers at various stages of registration on the platform.

 

Commenting on the success of the first transaction on VTX, Ram Iyer, Founder and CEO of Vayana Network, said, “We are delighted to commence the first transaction on Vayana TradeXchange, and bring to the market innovative solutions to facilitate cross-border trade finance.”

 

Kalyan Basu, MD & CEO, Vayana TradeXchange, said, “It gives us great pleasure to announce the successful initiation and completion of the first set of export financing transactions on the Vayana TradeXchange platform. We are glad to welcome the first participants and believe this marks the beginning of a pathbreaking journey in global trade. The platform is one of its kind implemented and operationalized across the globe. It has immense potential in terms of capability, innovation and reach to be the go-to platform for digitised cross-border trade finance in the days to come. We are aiming to do over USD 100 million worth of transactions in the first quarter of operation.”

 

Mohit Agarwal, Co-founder & CEO, VoloFin, said, “We look forward to a successful collaboration with VTX, this partnership will enable quick and easy access of finance to SMEs. With VoloFin’s next-gen platform and wider global coverage combined with VTXs large network in India, we hope to benefit large number of SMEs and help their business grow.”


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
 SOFTWARE  Placeholder image
UiPath and Amelia bring in a new era of seamless digital experiences for the Future of Work

UiPath and Amelia bring in a new era of seamless digital experiences for the Future of Work

UiPath and Amelia, the enterprise leader in Trusted AI have announced a partnership that b...

VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
Team Computers along with Microsoft Surface hosts 300 IT leaders

Team Computers along with Microsoft Surface hosts 300 IT leaders

Team Computers has organized an event to showcase how the diverse range of Microsoft Surfa...

Cisco aiming to build a trusted and resilient future for the nation

Cisco aiming to build a trusted and resilient future for the nation

Daisy Chittilapilly, President, Cisco India & SAARC    The US-based te...

Providing multilingual internet crucial to bridge digital divide in India: MeitY Addl Secy

Providing multilingual internet crucial to bridge digital divide in India: MeitY Addl Secy

Calling India the right place for Universal Acceptance Day celebrations, Bhuvnesh Kumar, I...

The new wave of start-ups in the country is a testimony to the entrepreneurial temperament of the youth

The new wave of start-ups in the country is a testimony to the entrepreneurial temperament of the youth

PHDCCI conducted “Bharat Startup Summit, 2023” The conclave through discussion...


Copyright varindia.com @1999-2023 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription