China Minsheng Banking Corporation is to use Deutsche Bank's Asia Accelerator package to offer more timely settlement of intra-Asian payment flows to its corporate client base.
As a specialised trade finance bank, CMBC is to offer Asia Accelerator as a value-added service to its corporate customers at a time of rapidly increasing trade payment volumes.
The memorandum of Understanding between the two was sealed at the Sibos international banking conference in Toronto.