Two influential companies are now working with a US-headquartered fintech company to provide a working capital solution to aid their supplier base, CT has learnt.
Trial payments from Asia to Australia puts GPI on the map but speed is less critical to treasurers than tracking the payment and keeping correspondent banks on their toes.
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.
Corporate treasurers are becoming more open to working and investing into technology startups that can solve specific business issues. Flexible partnerships are now the order of the day, it seems.
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.