Payment news, August 3

OCBC launches banking and trading iPad applications, while Patsystems announces new Asia-Pacific locations for its ASP hub.

Deutsche Bank picks up another Chinese ADR client

VST Holdings, a distributor of information technology products and related components, has chosen Deutsche Bank as its depositary bank for its American depositary receipt ADR programme. The Hong Kong listed company has principle operations in China and Hong Kong, but also distributes its products to Indonesia, Malaysia, the Philippines, Singapore and Thailand.

Deutsche Bank was also appointed as the depositary bank for the ADR programme of two other Chinese companies,...

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