The Hindu Business Line : HSBC launches global Net banking channel

HONG Kong and Shanghai Banking Corporation Ltd has launched HSBCnet, a global Internet banking channel providing real time access to cash management solutions.

This offering complements Hexagon ABC, the bank's payment services platform.

The Web-enabled delivery channels offer solutions for receivables, payables and liquidity management. They are secure and available anytime, anywhere in the world, said Ms Natasha Patel, Senior Vice-President and Head Global Payments and Cash Management, India, speaking at a press conference here on Tuesday.

HSBC has also widened its product suite and delivery channels for payments and cash management services (CMS) to corporates in India.

Ms Marilyn H. Spearing, Global Head, HSBC Payments and Cash Management, said, "India is one of the fastest growing markets in the Asia-Pacific region for our payments and cash managements business. The broadening of our product suite here is a reflection of HSBC's commitment to the Indian corporate customer."

The bank has also strengthened its `integrated payments solutions' (IPS), its offering in the Asia-Pacific region allowing the seamless execution of electronic and paper-based payments, by the introduction of cheque outsourcing service.

HSBC India has around 450 corporates, who avail of CMS from the bank. In fact, the Indian CMS business is one of major contributors to the revenue and business of the bank's Asian operations, officials said.

According to Mr Lawrence Webb, Head of Payments and Cash Management, Asia-Pacific, HSBC has a presence in 21 countries in the Asia Pacific. Of these, India and China make substantial contributions to the banks revenue and business form CMS.

More Stories on : Foreign Banks | Information Technology

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee strengthens

Rupee climbs further

Kotak Life unveils unit-linked plan

Cholamandalam MS ties up with WIAA

Worst over for Indian bonds

RBI directive on `Know Your Customer', money laundering

IOB to raise Rs 150 cr as Tier-II capital

OBC not keen on acquisitions

HSBC launches global Net banking channel

NHB hikes rates on capital gains bonds

Syndicate Bank hikes deposit rates

Karnataka Bank hike deposit rates

AIBEA to oppose reforms in banking