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RHB Bank teams up with SOGO KL for payment solutions to suppliers

Wednesday 2 November 2016 11:01 CET | News

RHB Bank has signed an agreement with Sogo Department Store in order to provide an online finance and payment solution system to SOGO`s suppliers.

Under the agreement, SOGOs suppliers will have access to an accelerated payment system, without the need for collateral.

More than that, according to RHB, under the RHB FSC scheme, suppliers will get paid quickly, thereby reducing their outstanding day sales.

The facility for the FSC scheme will begin at MYR 10 million, but this figure will be adapted according to demand for the project.


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Keywords: RHB Bank, SOGO, solution, supplier, strategic partnership, agreement, financial supply chain, payment system, e-invoicing
Categories: Banking & Fintech
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Banking & Fintech






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