City Bank launches American Express®B2B Solution

City Bank has partnered with American Express to introduce the American Express B2B Expense Management Solution, a unique end-to-end solution that will help companies in Bangladesh reduce their cost of doing business.

Rahimafrooz Distribution Ltd. and Reckitt Benckiser Bangladesh Ltd are the first in the market to implement this solution with their distributor network.

The American Express B2B Expense Management Solution will reside on American Express' Corporate Card Platform and will help streamline and simplify companies' distribution payment chain from paper based to electronic based. Once implemented, distributors adopting the American Express B2B Expense Management Solution will enjoy improved operational efficiency, as invoicing and payments will be electronically processed and will gain cost savings through an interest free credit period.

At the launch ceremony, City Bank was represented by Rubel Aziz, Chairman, Sohail RK Hussain, MD and CEO, Mashrur Arefin, DMD & CCO, while American Express was represented by Pranav Barthwal, Vice President, Global Merchant Services & Partner Card Services, South Asia and Rupali Sharma, Director & Head Partner Card Services, South Asia, Rahimafrooz Distribution Ltd was represented by its Managing Director, Mudassir Murtaza Moin.