HSBC, one of the world’s largest banking and financial services organisations, has introduced a new platform which aims to simplify payments for businesses with ambitions to grow internationally.
This platform, known as Smart Transact, is driven by HSBC’s mission to support businesses seeking streamlined payment solutions, according to Finextra.
By addressing the complexities of domestic and cross-border transactions, the bank aims to provide firms with a versatile and efficient tool for managing their financial operations.
HSBC offers a comprehensive range of services across banking, wealth management, and FinTech. With operations in over 60 countries, the bank is committed to supporting businesses of all sizes as they navigate the challenges of global markets.
The newly launched Smart Transact platform provides a one-stop solution for managing transactions.
It delivers a flexible and streamlined payments service, allowing users to access a suite of HSBC services, including current accounts, domestic and cross-border payment capabilities, and HSBCnet.
In addition, businesses can customise the platform to suit their evolving needs. They can integrate services such as corporate cards, savings accounts, and other HSBC tools directly into their own systems, ensuring seamless financial management.
Currently, Smart Transact is available in India, the UK, the US, Hong Kong, Singapore, Australia, Ireland, the Netherlands, and France. HSBC has plans to expand the service to China, the UAE, and Germany by the end of 2024.
Commenting on the launch, HSBC’s head of global payments solutions, Manish Kohli, said, “HSBC Smart Transact is a significant step forward in simplifying payment processes for ambitious clients that are keen to pursue international growth.”
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