26 April 2015

HSBC sings the praises of mobile cash management app

29 March 2012  |  17041 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."

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

01 March, 2012

Related company news

 

Top topics

Most viewed Most shared
PayPal exec wants to replace passwords wit...
8585 views comments | 44 tweets | 21 linkedin
Banks on the brink as customer experience...
7548 views comments | 43 tweets | 35 linkedin
RBS and NatWest customers go into meltdown...
7396 views comments | 13 tweets | 10 linkedin
£12.8 billion to be sent through digi...
5744 views comments | 39 tweets | 16 linkedin
Finextra Future Money Day 1 - Live blog
5462 views comments | 7 tweets | 5 linkedin

Featured job

to GBP £80K base, double OTE
London, UK or Madrid, Spain

Find your next job