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MultiCash launched in China

China Guangfa Bank (CGB), one of the top ten universal banks, has launched Omikron's MultiCash WebEdition in China. The new Omikron corporate package provides:

  • extensive cash management functionality in Chinese language
  • access to banks via a web-browser and also via smart phones and tablets
  • straight through processing of bulk payments and direct debits using the Chinese National Automated Payment formats
  • secure user authentication and secure communication using the MCFT channel
  • a module for cross-border transactions.

Using MultiCash European and US-based corporates can now have direct access to Chinese banks from their payment factory.

Omikron are working on extending the service and are piloting an integrated multi-bank solution for 25 Chinese and Asian banks.

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This item appears in the following sections:
Cash & Liquidity Management
Cash & Liquidity Mngm in Asia-Pacific
Connectivity
Electronic Banking Connectivity