The growth of e-payments in China could cause major headaches for its central bank's monetary policy, including making depositors more sensitive to rates.
By killing its Excel-based accounting model for FX transactions, the Indian FMCG group has saved both time and the money lost through costly human-based errors.
With virtual accounts, the Indian FMCG has automated a key aspect of its payments process to distributors. Time saved is equivalent to three hours a day.