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HSBC links to Shanghai ATM network

24 August 2001  |  4011 views  |  0 HSBC links to Shanghai ATM network

The Hongkong and Shanghai Banking Corporation Limited has linked up with the Shanghai ATM Network to give HSBC customers access to their cash through more than 2000 ATMs in the city.

The vast majority of ATMs in China are currently only available to each bank's own customers. The Shanghai ATM network, which involves 17 domestic and foreign banks, is part of a wider project to develop a nationwide ATM link-up in China.

The Shanghai ATM Network also connects with global systems such as Visa/Plus and MasterCard/Cirrus, so any HSBC customer with a debit or credit card travelling to Shanghai will be able to use the machines to obtain renminbi.

All 2000 ATMs in the network will begin incorporating HSBC's name and logo.

Eddie Wang, chief executive of China business at The Hongkong and Shanghai Banking Corporation, says: "This is another example of inter-bank cooperation and reflects the vigorous development of China's financial industry."

HSBC claims the largest number of ATMs of any foreign bank in mainland China. In addition to Shanghai, HSBC's branches in Beijing, Dalian, Guangzhou, Shenzhen, Tianjin and Xiamen are equipped with on-site ATMs for 24-hour self service banking.

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