HSBC has launched a platform for managing domestic and international business payment transactions.
Smart Transact provides users with a single platform. In this case, businesses can manage their transactions and access the current account, domestic and cross-border payments. The platform also provides access to the HSBCnet global banking platform. The relevant information is contained in the press release of the financial institution, published last Tuesday, November 26.
The new platform can be expanded if an appropriate need arises. In this case, it implies the possibility of adding services such as savings accounts and corporate cards. The relevant information is contained in the press release of the financial institution.
Smart Transact is already available to consumers living in Hong Kong, the United Kingdom, India, Singapore, Australia, the United States, the Netherlands, Ireland and France. The financial institution also announced that by the end of the current year, appropriate access will be provided to customers in China, the United Arab Emirates, and Germany.
Manish Kohli, head of global payment solutions at HSBC, stated that Smart Transact is a significant step forward in simplifying payment processes for ambitious clients who are keen to pursue international growth.
It’s worth mentioning that in August HSBC Innovation Banking UK and cloud-native payment infrastructure provider Numeral announced a partnership aimed at enabling embedded payments for innovative companies like FinTechs, InsurTechs, and marketplaces.
As we have reported earlier, HSBC Exec Says About AI’s Impact on Finance Sector.
