Television

Citi to hawk AOL's cash mgt services in Asia

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NEW YORK: Media conglomerate AOL Time Warner has awarded Citibank e-Business, a Citigroup division,the regional mandate to provide cash management services to its subsidiaries across ten markets in Asia.

India, China, Hong Kong, Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand constitute the ten markets. Citibank will provide a range of cash management services to AOL Time Warner via CitiDirect Online Banking, the Internet-based banking platform, along with a regional payables and receivables solution.

30 AOL Time Warner entities across these markets will receive a tailored payables and receivables solution designed to improve efficiency in the finance process of each individual office.

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