Hangzhou is a virtually cashless city. Almost everything can be paid via smartphone and the expectation is that paying with mobile will become the norm in other Chinese cities. How will this rapid and profound shift in the way that people and businesses pay for goods and services affect corporate treasurers?
A treasury manager is key to the growth and financial success of a business. Steelcase International's Treasury Manager looks at how treasurers can enable businesses to operate with a minimum of idle cash and aggregate its liquid funds around the globe.
With technology developments occurring at a rapid rate, Christopher Mager of BNY Mellon Treasury Services, discusses some of the key innovations that are impacting transaction banking, and how knowledge is king when it comes to harnessing new capabilities.