DBS is First Bank to Partner with JD Logistics to Finance SMEs in Cross-border E-commerce Import Business

Singapore-based DBS announced it is the first bank to partner with JD Logistics  (JDL), the supply chain and logistics business group of JD.com, to give supply chain financing to Hong Kong-based small and medium-sized enterprises (SMEs) in the cross-border e-commerce import business. This is likewise DBS' first advanced answer for e-commerce merchants on a logistics platform.

DBS will give supply chain financing to JDL's e-commerce SMEs. With the move to online shopping, this is expected upon to improve e-commerce merchants' cash flow needs to satisfy the developing need from Chinese consumers for a variety of imported quality products from international providers.

The bank will integrate its advanced assistance into JDL's blockchain platform to enable real-time of information and end-to-end digital experience.. This will be finished by utilizing DBS' Application Programming Interface (APIs).