Tag Archive: POBO

Deutsche Bank’s Andrew Reid in The Paypers: B2B payment innovation is possible only through collaboration

Andrew Reid explains in The Paypers that collaboration is needed for banks to achieve the same level of transformation and convenience in the B2B space that they have already delivered in the retail banking space. In an interview previously published in the B2B Fintech: Payments, Supply Chain Finance & E-invoicing Guide 2016, Reid says that …

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UniCredit’s Markus Straußfeld discusses the potential of virtual accounts in GT News

The push towards fully-digitalized treasury processes has naturally drawn corporates to the concept of centralization, writes Markus Straußfeld, head of cash management international sales at UniCredit in GT News. Concepts such as POBO (payment on behalf of) and COBO (collection on behalf of) have become popular for their potential to do just this: channelling ingoing …

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