<\/p>\n
JP Morgan says South African telecommunications provider MTN SA has become the first customer to use the bank\u2019s digital bill of exchange product. \u00a0<\/span><\/p>\n The product, which uses Swedish digital trade fintech Enigio\u2019s trace: original solution, aims to reduce risk and complexity on trade finance transactions. \u00a0<\/span><\/p>\n A small number of trade financiers have begun offering digital versions of bills of exchange, partly driven by the enhanced legal security provided by the UK\u2019s Electronic Trade Documents Act, which was passed in 2023.\u00a0<\/span><\/p>\n Digitisation proponents say the greater speed and security offered by electronic versions has breathed new life into negotiable instruments such as bills of exchange and promissory notes, which are among the oldest trade finance tools.\u00a0<\/span><\/p>\n JP Morgan\u2019s first transaction was for the export of telecommunications equipment from an Asian country to the UK, according to a statement. \u00a0<\/span><\/p>\n The bank purchased and discounted the digital bill of exchange from the seller, but declined to identify the seller, exporting country or value of the transaction. \u00a0<\/span><\/p>\n \u201cUsing Enigio\u2019s blockchain infrastructure, an electronic bill of exchange is securely signed and updated throughout its lifecycle, improving transparency and streamlining workflows, while enabling automatic data transfer and reducing risks and errors associated with traditional manual processes,\u201d JP Morgan says in a statement.\u00a0<\/span><\/p>\n The product is currently only available to companies \u201ctransacting under English law\u201d. \u00a0<\/span><\/p>\n MTN SA chief finance offer Dino Molefe says the company \u201chas been a leader in developing our working capital strategy as it pertains to our procurement of devices\u201d.<\/p>\n \u201cJP Morgan and MTN SA have collaborated closely to unlock additional liquidity through innovative solutions, making us the ideal collaborator to pioneer this digital tool.\u201d\u00a0<\/span><\/p>\n Natasha Condon, JP Morgan\u2019s global head of trade sales and head of Emea trade, says being \u201cone of the first banks to approve the financing of a select set of electronic negotiable instruments\u201d is part of the lender\u2019s goal \u201cto be at the forefront of the future of trade\u201d. \u00a0<\/span><\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" JP Morgan says South African telecommunications provider MTN SA has become the first customer to use the bank\u2019s digital bill of exchange product. \u00a0 The product, which uses Swedish digital trade fintech Enigio\u2019s trace: original solution, aims to reduce risk and complexity on trade finance transactions. \u00a0 A small number of trade financiers have begun […]<\/p>\n","protected":false},"author":1,"featured_media":4539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/JPMorgan-1-810x445.jpg",810,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/JPMorgan-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/JPMorgan-1-300x194.jpg",300,194,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/07\/JPMorgan-1.jpg",810,524,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4538"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4538\/revisions"}],"predecessor-version":[{"id":4540,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4538\/revisions\/4540"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4539"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}