22 October 2017

HSBC sings the praises of mobile cash management app

29 March 2012  |  18065 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)

Finextra news in your inbox

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

Related stories

HSBC selects Dovetail for Sepa processing

HSBC selects Dovetail for Sepa processing

01 March 2012  |  10246 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comRegister nowvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
14152 views comments | 17 tweets | 28 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
12860 views comments | 22 tweets | 28 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9725 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
9529 views comments | 12 tweets | 23 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8733 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job