MasterCard International and Citigroup Global Transaction Services have signed a multi-year agreement to launch commercial cards in Asia Pacific. The deal means Citigroup will provide MasterCard-branded card payment solutions to multinational corporate clients in the region through their Citibank Commercial Cards business. These solutions are aimed at helping companies and governments manage travel and entertainment expenses and pay for key supplies, control employee spending limits, meet cash flow needs, and track business expenses. The program will be launched in Hong Kong and Australia and expanded in Malaysia and Singapore. Citibank Commercial Cards business offers card programs in over 30 countries used by over one million corporate and government cardholders.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.