RHB Bank offers BPO payment settlement mechanism

KUALA LUMPUR: Malaysian importers and exporters can now settle their payments with a new payment mechanism, the Bank Payment Obligation (BPO), through RHB Bank Bhd, the first bank in the country to offer such a facility for its customers.

RHB Bank Director of Treasury and Group Transaction Banking Michael Lim said the group has received clearance and approval from Bank Negara to offer the BPO facility to their corporate and wholesale customers.