02 April 2015

HSBC sings the praises of mobile cash management app

29 March 2012  |  16998 views  |  0 Iphone screen close up

HSBC is trumpeting its new mobile service for corporate treasurers and senior managers, which has been used to authorise $500 million in transactions in 19 Asia Pacific countries in its first 19 weeks.

Launched in November, HSBCnet Mobile lets corporate treasurers and senior managers check account balances and statements, authorise payment instructions and receive alerts through their iPhones, Androids and Blackberrys.

Clients can authorise priority payments, inter-account transfers and ACH credits/debits as well as cross-border payments with 'Get Rate' - HSBC's service which allows customers to view and book foreign exchange rates when making FX payments.

In its first few months, the system has been used to authorise over $500 million in Asia Pacific alone, and over $1.2 billion globally, averaging $67 million per week.

Diane Reyes, global head, payments and cash management, HSBC, says: "This is another example of how we're making it easier for treasurers and finance directors to run their businesses. No other bank has HSBC's mobile reach in the Asia Pacific region, so HSBCnet Mobile makes a real difference to how our customers do their jobs both in Asia and globally."

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