Press Release

GPSC partnered with Standard Chartered to develop innovative cash management solution, aiming to set up world-class payment platform for efficient cash management.

Dr. Toemchai Bunnag, President and Chief Executive Officer of Global Power Synergy Public Company or GPSC, the innovative power flagship of PTT Group and Mr. Plakorn Wanglee, President and Chief Executive Officer, Standard Chartered Bank (Thai) PCL. signed an agreement to set up the world-class cash management solution by developing supplier database via the "Virtual Accounts for Payments". This partnership enables GPSC to be the first organization in Thailand to utilize this cash management innovation to ease GPSC's payments with higher visibility and faster process. Virtual Accounts for Payments will increase efficiency, reduce cost and enhance cash management control in the company.