Agreement marks important step in developing digital escrow as a universally trusted and accepted settlement method for trade and commerce.

Standard Chartered has signed a memorandum of understanding (MoU) with payments startup Tazapay to deliver digital escrow services to buyers and sellers looking to trade globally on Proxtera, a business-to-business marketplace network.

Standard Chartered announced that it has signed a memorandum of understanding (MoU) with digital payments platform Tazapay to deliver digital escrow services to buyers and sellers looking to trade globally on Proxtera, a business-to-business marketplace network.

Standard Chartered plans to team up with digital payments platform Tazapay to deliver digital escrow services to buyers and sellers looking to trade globally on Proxtera, a business-to-business marketplace network.