KUALA LUMPUR: CIMB Bank announced that it has completed Malaysia’s first live Bank Payment Obligation (BPO) transaction with receivables financing. This also marks the first cross-border collaboration involving inter-bank BPO between CIMB Bank and China CITIC Bank.
With the completion of this maiden BPO transaction, CIMB Bank has become the 11th banking group worldwide to have done a BPO transaction.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!