Businesses eyeing international expansion can be faced with a myriad of challenges. Looking to give them as much support as possible, HSBC, the UK bank, has launched a new solution: Smart Transact.
Smart Transact by HSBC equips businesses with the core capabilities they require to grow abroad including a current account, domestic and cross-border payment capabilities. It also equips them with HSBCnet.
Currently available in India, UK, US, Hong Kong, Singapore, Australia, Ireland, Netherlands and France, HSBC Smart Transact enables firms to simplify their payments through a simplified, streamlined and flexible payments service delivered through a single platform. The bank has plans to expand into China, the UAE and Germany by the end of the year as well.
Firms can utilise HSBC Transact at any point in their growth. Furthermore, they can add additional services as their business needs evolve, such as corporate cards and savings accounts, which can be selected as options to suit specific client requirements.
In addition, clients can integrate HSBC’s tools and services into their own systems, and access real-time payments tracking and benefit from mobile authentication and security.
Manish Kohli, head of global payments solutions at HSBC said: “HSBC Smart Transact is a significant step forward in simplifying payment processes for ambitious clients that are keen to pursue international growth. 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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