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Mizuho is still a relative newcomer to the global transaction services business. Before 2015, it largely focused on its domestic market in Japan, where it provided basic products including payments, payroll and FX. But that year it took the strategic decision to invest more in the business, to expand both the scope of the products it offered and its coverage across Asia.
Today, unlike some banks that take an all-or-nothing approach to the cash management business, Mizuho is flexible and can adapt its offering to suit the needs of the client, offering individual products without requiring customers take the full suite.
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