a-brave-new-world-of-global-payments

A brave new world of global payments

Bundling products and services together improves efficiencies and saves money.
Written by Dianne Challenor, financial institutions cash management product head, and Fred Shyur, financial institutions correspondent banking head, Citigroup Asia-Pacific.

Today, the ability to make payments around the world û in various currencies, with full transparency, and in a timely manner û is as important a consideration for treasurers as optimising their cash flow and managing liquidity. In the rush to sharpen a bankÆs competitive edge, the outsourcing of cross- border payments to a trusted global banking partner is increasingly being adopted as the way forward. As the world gets smaller, banks have a key role to play by making it cheaper and easier to facilitate transactions between countries.

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