TNP Global Trade
The Letter of Credit for the Digital Age. We call it Track & Pay.
TNP Global Trade aims to offer a secure utility platform for international trade transactions, streamlining payments via tracking devices and escrow accounts. Our vision is to lead in innovative payment solutions for global trade, emphasizing trust, transparency, and mutual benefit, and continually modernizing trade processes. The global trade industry currently grapples with payment settlement issues. Suppliers risk non-payment, and buyers face quality and compliance uncertainties, leading to disputes and losses. Traditionally, Letters of Credit addressed this, but they are outdated, paper-based, and costly, even for the banks. Our solution, "Track & Pay," addresses these problems. It involves buyers depositing funds into an escrow account, released to sellers once shipment criteria are met, ensuring guaranteed payment and product quality. We use tracking devices to monitor shipment conditions and partner with Lufthansa Industry Solutions for logistics, alongside top banks and service providers for regulatory management and distribution. Our objective is the widespread adoption of Track & Pay. Our value proposition is a comprehensive, secure, and efficient payment solution, removing non-payment risks and providing timely, secure payment to suppliers. Our technology gives buyers real-time shipment insights, offering confidence and peace of mind. This positions TNP Global Trade distinctively against traditional global trade payment methods.
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