The new standard for payments messaging, expected to go live in 2022, is seen allowing corporate treasurers to switch banks for better service and also making it easier for them to use fintech-based services.
Payments and collections-related services have become the centerpiece of Citi’s treasury services strategy, propelled by the proliferation of online transactions. The bank's chief of treasury and trade solutions in APAC spoke to CT about the changing landscape
The partnership will allow its clients to reach a greater pool of Vietnamese consumers. Meanwhile, Chinese giants Alipay and WeChat Pay are also expected to make an entrance in the market.