Author: Lalita
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AM/NS India, ICICI Bank tie up for first paperless bill discounting deal
In a first step towards digitising trade payments, ArcelorMittal Nippon Steel India (AM/NS India) recently executed the country’s first domestic paperless bill discounting transaction in partnership with ICICI Bank. The end-to-end electronic transaction comprising digital issuance of Letter of Credit (LC), advisory and presentment of documents took place between AM/NS India, its Baroda-based customer Vijay…