HSBC unveils a one-stop digital payment solution

The Hongkong and Shanghai Banking Corporation has launched a new one-stop digital payment solution to simplify international payments across regional and global e-commerce platforms for small-and-medium enterprises at real-time exchange rates.

Called HSBC Merchant Box, the service is available for selected HSBC commercial customers through business internet banking, and will be extended to all customers in Hong Kong in the coming months, the lender said.

Head of commercial banking Frank Fang said cross-border e-commerce has emerged as a driving force of China's external trade and Hong Kong, as a regional trade hub in the Greater Bay Area and a gateway to global markets, is well placed to capitalize on the huge market potential.

The launch came as its parent HSBC (0005) said in a filing that a board meeting will be held on February 21 to consider the announcement of the 2022 annual results as well as the payment of a second interim dividend.

Meanwhile, BOC (Hong Kong) (2388) said the number of transactions and customers using BoC Pay for cross-border payments in the mainland surged by over 40 percent in the two weeks after the border reopened from the previous two weeks. And overseas transactions made by the wallet tripled last month by both volume and value over a year ago.