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."