Wednesday, 12 June 2024

Best Corporate Payments Project in China is goes to China Construction Bank and ZTE Corporation

5 min read

By The Asian Banker

Specializing in telecom services, this corporation struggled with visibility across 300 bank accounts in 130 countries and inefficient payment methods. The bank standardized payment information flow through a unified client interface using Swift Alliance Messaging Hub shared architecture service and an inter-bank cash management platform, reducing manpower costs by 16% and operational costs by USD 5K monthly. 

For the first application of Swift Alliance Messaging Hub architecture in China, improving operational and financial efficiency, Best Corporate Payments Project in China is awarded to China Construction Bank and ZTE Corporation.



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