Sohar International Announced the Launch of its Unified Transaction Banking Platform

Sohar International, an international trade financing company, recently introduced its online Unified Transaction Banking Platform for its wholesale banking clients by offering Trade Finance (DigiTrade) and Cash Management (DigiCash) solutions.

The online unified transaction banking services were designed and implemented as a one-stop shop for business and institutional clients who needed a simple and practical platform for daily banking needs such auto reconciliation, supply chain finance, liquidity management, digital trade finance, and payment processing. Furthermore, in order to develop solutions that are in line with its continuous digitalization plan, the bank has taken into account important worldwide technological trends.

“The demand for round-the-clock, easily accessible, and on-the-go banking solutions is quintessential in the ever-changing world we live in today. By focusing on innovation, adopting disruptive technologies, and keeping pace with the evolving needs of the market, Sohar International has stayed ahead of the curve while leading transformation in its sector. By embracing digitalization, the bank has not only been able to provide an enhanced level of customer service to its retail and wholesale banking clients, but it has also contributed to the broader environmental goal of transitioning to a paperless society,” said Ahmed Al Musalmi, Chief Executive Officer, Sohar International.

The unified transaction banking platform offers a comprehensive digital product suite that is designed to streamline domestic and international trade finance in addition to delivering a superior end-to-end banking experience. Sohar International has made a significant change in how transaction banking businesses operate digitally through extensive correspondent banking tie-ups, solution structuring and advisory services, improved digital supply chain finance capabilities, and more effective and speedier online trade finance modules.

Furthermore, Sohar International has shown its support to get rid of time-consuming and inefficient paper-based operations by offering paperless trade and supply chain finance. Customers who use the new solutions will benefit from faster processing turnaround times as well as improved company management. It is anticipated that the integration of structured payment and receivable solutions will further broaden the clients’ capabilities for working capital finance and liquidity management.

By providing different forms of collection, the recently launched Unified Transaction Banking platform for wholesale customers focuses on streamlining receivables management and reconciliation. Furthermore, its electronic transfers via a variety of payment methods, in-office check printing capabilities, and simple salary payout modules are designed to strengthen and protect the payment processing platform.

 

Online Digital Assets Brokerage Platform “CryptPro” Goes Live

CryptPro, the fastest growing crypto platform, is now live. It is an online digital assets brokerage platform that is concerned with digital money. It supports a variety of payment options and makes deposits and withdrawals simple. To produce the finest experience, all of these come together with an unwavering security system.

The rise of digital tokens began as a slow drip, like many other economic revolutions, but is now more appropriately characterized as a waterfall. At an unprecedented rate, new tokens appear, opening up more opportunities. However, when more assets enter the token market, new difficulties also appear. This problem has been taken on by the brand-new digital token brokerage company, CryptPro.

Danielle Clarke, Spokesperson, CryptPro, stated, “New digital tokens bring a new spirit to markets and enable new possibilities. Yet one should keep in mind some considerations before hurrying to buy or sell these new assets. It is important to learn how to use these tokens properly and research their upsides and downsides. CryptPro’s goal is to facilitate an environment for those who wish to handle digital tokens in the most proper manner.”

Digital coins currently have a high level of volatility in addition to having a lot of promise. For this reason, customers who want to take advantage of opportunities but aren’t specialists in this industry want to consider working with a reputable brokerage company. CryptPro realizes this problem and promises to deliver an unparalleled customer experience.

“When so many types of assets are available, clients tend to get confused. CryptPro wishes to confront this issue. First of all, our focus is solely on digital assets. Secondly, we allow the use of varied tools in a superior web-based platform. These come together with a dedicated professional staff that helps customers understand which tokens can help them achieve their goals and how to make fruitful transactions using these assets”, added Clarke.

Read More: Blockchain- A Secured Online Payment Technology

Mastercard and Binance Come Together for Launching Binance Card

Binance and Mastercard joined forces to introduce Binance Card in Argentina. With this launch, the Binance card will enable using cryptocurrencies for daily shopping. Binance has unveiled this card as a part of its existing steps to strongly growing cryptocurrency adoption throughout the world.  

Maximiliano Hinz, General Director, Binance, Latin America, commented, “Payments is one of the first and most obvious use cases for crypto, yet adoption has a lot of room to grow. By using the Binance Card, merchants continue to receive fiat and the users pay in the cryptocurrency they choose. We believe the Binance Card is a significant step in encouraging wider crypto use and global adoption and now it is available for users from Argentina”. 

All existing and new Argentina-based users of Binance with an authorized national ID can use cryptocurrencies, including BNB and Bitcoin for shopping and bill payments. The Card can be accepted at 90 million Mastercard online and in-store vendors globally. Cryptocurrencies of Binance users can be converted to fiat currency in no time with the moment they shop, and those users can get up to 8% as a crypto cashback on eligible shopping.  

Cards of Binance users can be managed using the website card dashboard and the Binance App while also asking for customer support via the card dashboard and viewing the transaction history as well. 

Walter Pimenta, Executive Vice President, Products and Innovation, Mastercard, Latin America, and the Caribbean, stated, “Our work with digital currencies builds on our strong foundation to enable choice and peace of mind when people shop and pay. Together with our partners, Mastercard has been leading the payments industry in enabling entry to this exciting new world, helping bring millions of additional users into crypto and other digital assets in a safe and trusted manner.” 

Read More: BitDCE and Simplex Cooperated to Launch Cryptocurrency Ecosystem