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HSBC launches payments management tool for businesses planning international growth

By Alexandra Leonards

HSBC has announced the launch of a new one-stop payments management tool targeted at businesses seeking international growth.

Companies in the UK, India, Hong Kong, Singapore, Australia, Ireland, Netherlands, France, and the US can now manage their transactions through the new payments platform, with access to a comprehensive set of services, including a current account, domestic and cross border payment capability, and its suite of online financial solutions HSBCnet.

The bank said it also has plans to launch the platform, which is called HSBC Smart Transact, in China, the UAE and Germany by the end of the year.

Businesses using the tool can add additional services, such as corporate cards and savings accounts, which can be selected as options to suit specific client requirements.

They can also integrate HSBC’s tools and services into their own systems, and access real-time payments tracking and mobile authentication and security.

“HSBC Smart Transact is a significant step forward in simplifying payment processes for ambitious clients that are keen to pursue international growth," said Manish Kohli, head of global payments solutions, HSBC. "Clients can benefit from a more simplified, efficient, and flexible payments service combined with local market solutions, all delivered through a single platform.”


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