Best International Cash Management and Transaction Bank in Asia Pacific - Bank of America
This institution’s Global Transaction Services franchise demonstrated strong growth on its range of cash management platform solutions targeting liquidity, receivables, payments, treasury and cash flow forecasting. The digitally-active user base reached 75% as payment volumes and approvals grew more than 100% in 2021. Launch of initiatives such as Pay to Card gives customers the ability to pay directly into beneficiaries’ bank accounts using their bank card details in up to 120 currencies and 170 countries, and value-added features such as ability to process payments and remittance data in local language heavily uplift customer experience. It also enhanced the cash forecasting function which generates reliable cash flow forecasts and help customers anticipate liquidity needs.
For these achievements, Best International Cash Management and Transaction Bank in Asia Pacific is Bank of America.