The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

UOB taps fintech firm to make supply chain payments easier

Virtual credit card account extends cash flow for businesses, allows suppliers to get paid immediately

Published Tue, Feb 28, 2017 · 09:50 PM
Share this article.

Singapore

WITH Singapore having the most suppliers selling on credit in the Asia-Pacific, United Overseas Bank (UOB) is aiming to ease cashflow pressures across businesses' supply chain.

The bank on Tuesday launched a "virtual payment" service here that allows businesses to pay their vendors and suppliers through a virtual corporate credit card account. The service is a first for South-east Asia, said UOB.

KEYWORDS IN THIS ARTICLE

Singapore SMEs

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here