Citi announces the launch of Commercial Cards in Vietnam, offering a comprehensive suite of innovative payment solutions for corporate clients. Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates These include Business-to-Business (B2B) solutions such as purchasing cards and our market-first Virtual Card Account (VCA) for Payables, as well as Travel solutions such as corporate cards for travel and entertainment purposes, a central travel account with a travel management company and the Virtual Card Account for Travel. These solutions are testimony to Citi’s commitment to providing greater efficiency, control and transparency to help corporate clients more effectively manage their payment and expense management processes in a seamless, streamlined and accountable manner. Commenting on the launch, Citi Country Officer for Vietnam Natasha Ansell said, “We are delighted to add on to our comprehensive and market-leading suite of institutional banking products for our global multinational and local corporate clients in Vietnam. This launch is a further demonstration of our commitment to the country and the development of its economy, local enterprises, banking and financial industry, and its people.” Jared Mecham, Citi’s Treasury and Trade Solutions Head for Vietnam added, “Globalization and changing business trends have had a significant impact on the volume of travel and entertainment expenses, as well as B2B payments. At the same time, economic pressures are leading corporates to reduce expenses, tighten working capital and release trapped liquidity. In this fast evolving corporate landscape, our clients need to focus on being digital, centralized… [Read full story]
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