Mitsubishi UFJ selects Velotrade as digital trade services partner
Velotrade's platform now processes thousands of invoices for the Japanese banking giant, covering transactions managed in Hong Kong for clients across the region
Japanese lender Mitsubishi UFJ Financial Group (MUFG) has tapped Velotrade – the Hong Kong-based trade finance platform – to manage its internal invoice processing requirement, part of the increasing movement at bricks-and-mortar banks to outsource digitisation.
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