Citi India has launched a cash management service which will help its corporate customers collect receivables from their retailers or customers using mobile payment technology.
Citi India has launched a cash management service which will help its corporate customers collect receivables from their retailers or customers using mobile payment technology.
Called Cash-To-Mobile, this solution will increase the efficiency of collection for the company. It will also help reduce the cost of transaction and ensure the safe transfer of money.
Citi launched a pilot project with Coca Cola in Hyderabad about two weeks back. Using the solution, Coca Cola will receive payments from its retailers through mobile payments.
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