HSBC launches payments service on mobile banking for corporates

February 11, 2013 - 1:09:22 am

DOHA: HSBC has enhanced its mobile banking offering in its continued commitment to help businesses streamline their banking needs. The new offering will allow customers to initiate payments to existing beneficiaries across the world. The facility adds to the extended suite of mobile solutions the Bank already offers its customers.

Commenting on the HSBCnet Mobile Banking offer, Natasha Patel (pictured), Regional Head of Global Payments and Cash Managements for HSBC Middle East and North Africa, said: “As electronic banking continues to revolutionise business, banking and payment systems are also rapidly changing. Corporations in the Middle East increasingly have to adapt to this changing environment and as a result, need to have access to the most advanced electronic platforms available.

“The launch of our HSBCnet mobile banking option in 2011 is a strong example of this. $10bn payments have been authorised globally since its launch and over $393m payments were authorised in 2012 in the Middle East and North Africa region. We intend to continue adapting these services which will result in the provision of an even wider range of banking services for customers on-the-go. Launching the ability to initiate payments will allow customers to leverage the scale of the bank by conducting transactions in countries across the world from the palm of their hands.” In addition to the new payments facility, corporate treasurers can also use the application to check account balances and statements, authorise payment instructions and receive payment alerts using smartphones. It is a free, value-added service to customers, without the need for a cumbersome or resource-intensive installation.

The Peninsula