HSBC has launched a comprehensive domestic and cross-border payments platform designed for businesses aiming to expand internationally.
Smart Transact enables firms to effectively manage their transactions with a streamlined and flexible payment service available through a single platform. Users gain access to a range of HSBC services that provide essential capabilities for international growth, including current accounts, domestic and cross-border payment options, and HSBCnet.
Clients have the flexibility to add further services as their business requirements change, such as corporate cards and savings accounts, and can also integrate HSBC’s tools and services into their own systems.
Smart Transact is currently available in India, the UK, US, Hong Kong, Singapore, Australia, Ireland, the Netherlands, and France, with plans to roll out in China, the UAE, and Germany by the end of the year.
Manish Kohli, head of global payments solutions at HSBC, commented, “HSBC Smart Transact is a significant step forward in simplifying payment processes for ambitious clients that are keen to pursue international growth.”