The City Bank Ltd has partnered with American Express to launch the American Express B2B Expense Management Solution, a unique end-to-end solution, at its head office for reducing the cost of doing business.

The solution was launched at a function at Gulshan in Dhaka on Saturday, said a press release.

Rubel Aziz, Chairman, Sohail R K Hussain, Managing Director and CEO, Mashrur Arefin, Deputy Managing Director and CCO of The City Bank Ltd, and Pranav Barthwal, Vice President, Global Merchant Services and Partner Card Services, South Asia and Rupali Sharma, Director and Head Partner Card Services, South Asia of American Express attended at the launching ceremony.

Mudassir Murtaza Moin, Managing Director of Rahimafrooz Distribution Limited, Nayan Mukherjee, Finance Director, Reckitt Benckiser Bangladesh Limited were also present. Rahimafrooz Distribution Limited and Reckitt Benckiser Bangladesh Limited are the first two companies in the country to implement this solution with their distributors’ networks, said a press release.

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. Rubel Aziz said, “The American Express B2B Expense Management Solution will assist our customers benefit from adopting a global electronic payment solution that will give them better cash flow over time.”

Pranav Barthwal said, “This pioneering partnership with City Bank will result in unique customised B2B expense management solutions developed for the first time in Bangladesh using the American Express Corporate Card as a platform.”

Mudassir Murtaza Moin said, “The American Express B2B Expense Management Solution – which is a cashless transaction system for our distributors - simplifies the entire collection process, and will increase productivity, as our personnel will now be able to concentrate on our core business of selling and distribution.”