Citi bags multi-country cash mandate from Raffles Education

Raffles Education appoints Citi to streamline payments from 12 countries in Asia-Pacific.

Citi has won a cash management services mandate from Singapore-based Raffles Education Corporation. Under the mandate, Citi’s global transaction services (GTS) business will provide the private education group with a solution to efficiently centralise payments processes in 12 countries. According to Citi, the deal is unique in Asia’s education industry.

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