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The pair’s collaboration will offer corporates improved access to the bank’s suite of treasury tools.
The transaction was carried out via SGTraDex and demonstrates another use case for the blockchain-based data-sharing platform.
DBS’s head of cash management products shared the latest developments in payments systems that will impact corporate treasurers.
DBS and Xero have built on an existing partnership to increase access to working capital loans for SMEs, who face the prospect of higher costs.
This will allow FOMO Pay merchant clients to begin accepting payments in cryptocurrency.
Partior – the blockchain-based interbank payment network founded by JP Morgan, DBS Bank and Temasek – soon hopes to add a quiver of currencies to its platform.