Citi global transaction services will provide Thailand's government pension fund with all of its payment needs under the terms of a new mandate from the fund, further confirming the bank's claim that its public sector cash management business is picking up.
When fully implemented, Citi will combine a myriad of its treasury offerings, including Paylink, automated clearing house, money order and real-time gross settlement capabilities, to handle payments between the $10.3 billion fund and its members and other government departments. The solution is fully automated, centralised and standardised.
We selected Citi to be our main payment provider as they demonstrated an excellent understanding of GPF's government pension fund requirements and provided a...
