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Digital Trade Finance from Cape to Cairo
The Continental Free Trade Area (CFTA) will bring together fifty-four African countries with a combined population of more than one billion people and a combined gross domestic product of more than US $3.4 trillion.
According to the African Union’s Action Plan on Boosting Intra-Africa Trade (BIAT) identified 7 key arrears namely: Trade Policy, Trade Facilitation, Productive Capacity, Trade Related Infrastructure, Trade Finance, Trade Information, and factor market integration.
The Pigeon NETWORKseeks to create an innovative Capital, Trade and Risk Solutions ecosystem supporting multiple geographies, Open Account Trade Market for Banks, their Corporate Clients, their Suppliers, Insurance Companies and Credit Reference Bureaus (CRBs).
The Pigeon NETWORKis building cutting edge working Capital, Trade Finance and Insurance Premium Financing Technology tools which shall includea suite of AML/EDD Specific APIs, Trade specific APIs, Omni Channel Access – Web, App, USSD Technology Tools, Multi language, ERP enabled, Insurance Contract Templates and Documentary Credit Tools to be connected to the SWIFT Global Platform.
We envision the following network participants: