Mandates and payments roundup, May 11

Deutsche launches its cross-currency payments platform in China and India, while J.P. Morgan enhances its cash management solutions.

Deutsche Bank launches FX4Cash in China and India

Deutsche Bank has launched its cross-currency payments solution, FX4Cash, for corporate clients in China and India. The solution allows the bank’s clients access to global currencies via a single platform and gives them the added ability to manage cross-border and cross-currency payments through one base account.

“By eliminating the need to maintain multiple foreign currency accounts, our corporate clients in China and India can now achieve even greater efficiencies in treasury management by reducing idle balances and FX foreign exchange exposure,” said Kefei Chang, Asia-Pacific head of FX4Cash, in a statement.

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