JPMorgan Payments is expanding its collaboration with the Asian Development Bank (ADB) to improve access to working capital for businesses across India, using a risk-sharing framework to support trade finance and strengthen supply chains.
Announced on October 22, 2026, the initiative aims to help more businesses secure financing for day-to-day operations, expansion and trade activities. The collaboration will leverage ADB's Trade and Supply Chain Finance Program to mitigate transaction risks and broaden financing opportunities for companies operating across India's supply chains.
Risk-Sharing Framework to Support Business Financing
Under the expanded collaboration, ADB's guarantees will help mitigate risks associated with trade and supply chain finance transactions. This approach is intended to enable JPMorgan Payments to support a broader range of businesses while addressing risks linked to countries, financial institutions and trade-related exposures.
Access to working capital remains important for businesses managing supplier payments, inventory, production costs and growing customer demand. By combining ADB's risk-mitigation capabilities with JPMorgan's financing infrastructure, the initiative aims to improve access to funds for eligible businesses across the supply chain.
The partnership also seeks to strengthen the resilience of domestic supply chains as Indian companies expand their operations and participate in increasingly complex trade networks.
Key Industries to Benefit
The expanded financing capacity will be available to industries that play an important role in India's economic growth. These include food, pharmaceuticals, electric vehicles, renewable energy and sustainability-focused sectors.
Businesses in these industries often require working capital to maintain production, manage procurement and support investment in new capacity. Improved access to trade finance could help eligible manufacturers, buyers and suppliers manage cash flow and respond to changing market requirements.
The initiative also supports the broader development of business and supply chain capabilities.
Building on Regional Trade Finance Experience
JPMorgan Payments and ADB have previously worked together on trade finance initiatives in Asia. Their Trade Finance Program's funded risk-sharing product in the Philippines aimed to inject more than $100 million in trade finance to support small and medium-sized enterprises.
The expanded India collaboration builds on this regional experience, applying a risk-sharing approach to support companies and supply chains in one of Asia's major growth markets.
Implications for India's FinTech and Supply Chain Finance Ecosystem
The partnership highlights the growing role of financial institutions and development banks in addressing working capital challenges through structured financing and risk-sharing mechanisms.
For Indian businesses, improved access to trade finance can help ease cash flow pressures, support supplier relationships and facilitate growth. For the wider financial services industry, the initiative demonstrates how collaboration between commercial banks and development institutions can expand financing capacity without relying exclusively on conventional lending arrangements.
As businesses increasingly operate across interconnected domestic and international supply chains, access to reliable working capital will remain an important factor in sustaining growth.
The expanded JPMorgan Payments–ADB partnership represents a further step towards strengthening India's trade finance ecosystem and supporting businesses across key industries.
