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This solution is all about taxi drivers in Singapore being paid quickly and eliminating the need for physical cash payments.
Be the first to comment | February 2018
Ride-sharing continues to gain popularity in China and across the globe, Didi Chuxing Science and Technology (Didi) is embarking on an ambitious expansion plan and needed to enhance the payment structure of its app to include an English interface as well as the ability to accept international credit cards. The solution will enable Didi to service over one million foreigners working and living in China, and over 28m visiting tourists annually. Certainly one to watch.
The solution implemented by Amway aligns with the government of India’s mission to digitise financial services. The solution harnesses technology on both the accounts payable and accounts receivable fronts and also includes host-to-host integration with the company’s ERP.
This is a solution for a FMCG company in the electronic collection space involving cheques and the move to direct debit. In the last five months, more than 100 distributors have been successfully migrated and nearly 150 distributors are in the process of being migrated.
Maruti Suzuki India Limited was exposed to significant foreign exchange, commodity price and interest rate exposures. The solution has moved the company away from spreadsheets and it has implemented a project that has fundamentally reshaped the treasury through the usage of best practices.
Juneyao Air’s treasury team decided to cooperate with its banking partner to implement a mobile wallet collection solution. The bank’s solution leverages WeChat – a leading mobile payment aggregator in China (for credit, debit, stored value) – delivering a ‘one-stop shop’ eCommerce solution.
This solution integrates China into a global treasury operation utilising host-to-host connectivity with the bank. A cross-border RMB netting programme also forms part of the solution.
Stora Enso China Co Ltd operates a unique business model where it partners with local firms to operate via joint ventures (JVs) across China. The company has introduced an innovative liquidity structure which uses a single overdraft facility shared between Stora Enso as the pool header and its participating accounts (the JVs).
TCIL’s customers are very sensitive both to exchange rates and to the cost of a transaction, so the FX business has always been run on the tightest of margins. The new solution needed to adhere to various parameters – larger coverage in terms of currencies catered for, better pricing and faster turnaround time.
The banking partner in this solution proposed to interface the banks’ systems with the company’s ERP (SAP) via SWIFTNet connectivity which provided a global cash management platform with a standardised data environment and a high level of security.
Nominations close on 16th April, in…