SOGO Partners RHB Bank on Payment Solutions to Suppliers

SOGO Partners RHB Bank on Payment Solutions to Suppliers

Published: The Sun Daily
By: Ee Ann Nee
Source: The Sun Daily

KUALA LUMPUR: RHB Bank Bhd has signed an agreement with Sogo (KL) Department Store Sdn Bhd to mark a partnership for the RHB Financial Supply Chain (RHB FSC) that provides Sogo’s suppliers a convenient and seamless online platform for financing and payment solution.

Starting with a RM10 million facility, RHB Bank will provide financing to Sogo’s suppliers, allowing suppliers to have access to accelerated payment without the need for collateral. Depending on the take-up, RHB Bank is ready to accommodate more for Sogo, hinging on Sogo’s strength as a strong retailer.

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