Perspective
24 August 2015
StanChart completes first BPO transaction in the Middle East auto sector
Region:
Middle East & Africa
Standard Chartered Bank (StanChart) has completed the first Bank Payment Obligation (BPO) transaction in the automotive industry for Mohammed Naser Al-Sayer and Sons (Al-Sayer), one of the largest automotive dealers in the Middle East. The transaction facilitates a shipment of vehicles to Kuwait.
