Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Fintech»HSBC Launches New Cross-Border Virtual Account Solution For Banks
    Fintech

    HSBC Launches New Cross-Border Virtual Account Solution For Banks

    October 22, 20241 Min Read


    22 October 2024

    Written By FinTech Alliance in FinTech

    HSBC has launched a new cross-border e-commerce payment solution that allows banks worldwide to offer their merchant business customers the ability to receive EUR and GBP payments directly into local bank accounts. Previously, businesses had to rely on cross-border payments, incurring higher costs due to fees and currency exchange rates. This new solution enables businesses, especially in jurisdictions like China, to access these payments more efficiently through virtual accounts, without needing to set up foreign bank accounts. The system simplifies the payment process, accelerates fund access, and reduces costs for merchants trading on e-commerce platforms.

    – HSBC’s virtual account solution reduces the complexity of cross-border e-commerce transactions, making it easier for merchants to manage payments in multiple currencies without needing foreign accounts.

    – The solution enhances business efficiency by providing faster access to funds, benefiting businesses involved in high-volume e-commerce transactions, particularly in emerging markets like China.

    – This innovation strengthens HSBC’s position as a leader in global digital payments, emphasizing their commitment to helping clients succeed in the evolving digital economy.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    DL Holdings signe un protocole d’accord avec Asseto Fintech pour explorer la tokenisation d’actifs réels ; l’action grimpe de 11 %

    Fintech

    Liquify lève 1,5 millions de dollars pour accélérer le financement des exportations africaines

    Fintech

    Wave obtient 137 millions de dollars pour étendre son empire du mobile money en Afrique de l’Ouest

    Fintech

    La fintech française reprend des couleurs

    Fintech

    ACI Worldwide et iNet renforcent leur partenariat pour stimuler la croissance de la fintech en Arabie saoudite

    Fintech

    La fintech reprend des couleurs au premier semestre, selon une étude

    Fintech
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Roche closes acquisition of LumiraDx’s Point of Care technology to expand access to diagnostic testing in primary care

    Cryptocurrency

    Bitcoins, tariffs and stock market sell-off. Here are four things to know.

    Commodities

    Terrorists fire at Army vehicle in J&K’s Rajouri, no casualties reported

    Editors Picks

    Aelea Commodities IPO: SME IPO subscribed five times on first day of issue; Check latest GMP

    July 12, 2024

    US private equity firm makes big ticket UK student housing acquisition

    June 5, 2025

    German Lawmaker Joana Cotar Calls 50K Bitcoin Sale By Her Nation A ‘Monumental Missed Opportunity,’ Says Holding King Crypto As ‘Strategic Reserve’ Could Reduce US Dollar Dependence

    July 28, 2024

    Call to end nuclear power ban brings heated reaction in Australia

    August 12, 2024
    What's Hot

    Democrats push back ahead of Senate vote on cryptocurrency bill

    May 8, 2025

    WhiteBIT becomes Official Sleeve Partner and Official Cryptocurrency Exchange of Juventus

    June 16, 2025

    Qui peut battre Tadej Pogacar ? Nos favoris pour l’Amstel Gold Race 2025

    April 19, 2025
    Our Picks

    Abrdn Smiles On Bonds, Equities, Real Estate In 2024

    October 13, 2024

    Bourse de Milan en légère hausse dans l’attente de la BCE, les valeurs de la défense en forme, les utilities en repli

    June 5, 2025

    Alpha Copper Corp. annonce des changements de secrétaire général -Le 16 janvier 2025 à 00:39

    January 15, 2025
    Weekly Top

    Cryptocurrency News Live: Bitcoin, Ethereum, Solana, memecoin prices today; trading, m-cap updates

    July 1, 2025

    DL Holdings signe un protocole d’accord avec Asseto Fintech pour explorer la tokenisation d’actifs réels ; l’action grimpe de 11 %

    July 1, 2025

    Dividend Stock: SmallCap Automaker Fixes Record Date For 180% Final Dividend | Markets News

    July 1, 2025
    Editor's Pick

    NADF and NITDA Partner to Drive Agricultural Innovation with Fourth Industrial Revolution Technologies

    October 11, 2024

    EAC unveils regional payment system masterplan to drive financial integration and digital trade

    May 15, 2025

    A Game-Changer for London’s Fintech Scene

    October 18, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.