Citi Treasury and Trade Solutions, a division of Global Transaction Services, has been appointed as the primary cash management bank by Mobitel (Pvt) Ltd. The telecommunications company said in a statement that Citi will provide Mobitel with a customized solution to enhance visibility and control of payments and collections across Sri Lanka.
Citi will provide a fully integrated accounts receivable and payables solution to enhance visibility of control funds. To achieve this goal, Citi created a customised and innovative solution comprising numerous services including outsourcing of daily cash and check collection and pooling of collected funds into concentrated account structures, the statement said. |
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