UniCredit teams with BTMU for first BPO

Region:

Asia-Pacific, Europe

Hesham Zakai

Managing Director

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Germany’s UniCredit and Japan’s Bank of Tokyo-Mitsubishi (BTMU) have combined to process the first Bank Payment Obligation (BPO) transaction between Germany and Japan. The deal follows hard on the heels of Commerzbank’s first BPO transaction announced earlier this week, augmenting the BPO’s presence in Europe.