AkzoNobel’s Pan-Asian payment factory
Apr 28, 2014
AkzoNobel: Perfecting a payment factory in China
Jessie Li Xiaochun, AkzoNobel’s Greater China treasury manager, discusses the challenges of operating a payment factory in China.
In 2012, AkzoNobel’s treasury team in China implemented a hybrid payment factory, which supports the processing of payments through a centralised system and is also linked to Swift’s connectivity networks. To our knowledge, AkzoNobel was the first global company to implement a payment factory in China in the wake of the country’s financial liberalisation.
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