Citibank India and Visa are launching a cloud-based B2B platform called Renepay, designed to simplify complicated purchasing requirements for businesses. The e-procurement platform offers a network of B2B suppliers across India in 10 common product categories. The service will be available for Citi Visa Commercial Cardmembers, and will provide streamlined digital purchasing with an extensive interest-free repayment period. Indian Renepay users have already reported up to 17% in savings for direct costs, and 43% for processing costs.
Citibank Singapore and Visa are launching a cloud-based B2B platform called Renepay, designed to simplify complicated purchasing requirements for businesses. The e-procurement platform offers a network of B2B suppliers across Singapore in 10 common product categories. The service will be available for Citi Visa Commercial Cardmembers, and will provide streamlined digital purchasing with an extensive interest-free repayment period. Indian Renepay users have already reported up to 17% in savings for direct costs, and 43% for processing costs.