TNT Post challenges banks for online payment collection

Managing a company''s accounts receivable has long been the mainstay of banks. TNT Post Group steps into the market to offer retail e-merchants an alternative.

E-merchants in Asia can now outsource their receivables collection to TNT Post Group, a provider of mail, express and logistic services. Merchants selling to consumers via the web will only have to deal with one interface for payments, in place of multiple interfaces with different banks and payment companies. The service, called WebCollect, is part of the services offered by GlobalCollect, a subsidiary of the group.

The WebCollect service will be directly competing against those offered by banks, which is the traditional choice for companies wishing to outsource their cash management process.

Here's how WebCollect works Customers of e-merchants can choose to pay for their online purchases via...

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