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Payco is a digital solution for cross-border payments, providing secure and convenient services for individuals and businesses. With Payco, you can easily send money internationally, issue letters of credit, and conduct transactions using our secure digital wallet.
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Trade Finance
Finance
8 minute read
Payco is Introducing Letters of Credit for Values Under $100k
Up until now, international trade finance has been a difficult area for small and medium-sized enterprises (SMEs). This is because the financial institutions that provide trade finance through products and instruments, such as letters of credit (LCs), bank guarantees, export credit and insurance, often don’t serve low-value transactions. Usually, for transaction values below $100k, it’s hard to get import finance.
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This has meant that many SMEs have missed out on opportunities in international trade. Otherwise, they’ve been forced to do business in inconvenient ways. This isn’t just frustrating for individual businesses, but it’s also an issue that’s recognized as a hindrance to international trade in general.
There’s good news, however. Payco is changing the way international trade finance works with modern technology, and we can make trade finance available to many more businesses.
The area we work in is letters of credit for trade confirmation. We’ve solved some major problems that exist with them by changing the way they’re issued, and this opens up many new possibilities. We’ll explain what our system does shortly. However, one thing we’ve achieved is making it possible to get a letter of credit for trade finance for any amount.
Small businesses can now get a letter of credit for orders from $0k to $100k. Not only that, but they can get them fast, cheap and without any hassle.
If you’re interested in Payco’s letters of credit, check us out here.
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Make your transactions safely with Payco!
Home
About Us
Products
Contact Us
How it works
FAQs
Blog
Payco is a digital solution for cross-border payments, providing secure and convenient services for individuals and businesses. With Payco, you can easily send money internationally, issue letters of credit, and conduct transactions using our secure digital wallet.
Catch us on
Make your transactions safely with Payco!
Home
About Us
Products
Contact Us
How it works
FAQs
Blog
Payco is a digital solution for cross-border payments, providing secure and convenient services for individuals and businesses. With Payco, you can easily send money internationally, issue letters of credit, and conduct transactions using our secure digital wallet.
Catch us on