More NewsHSBCnet Mobile Authorises US$500m in Asia-Pacific

HSBCnet Mobile Authorises US$500m in Asia-Pacific

The HSBCnet Mobile service, available in 19 markets in the Asia-Pacific region, has been used to authorise US$500m of payments in Asia in just 19 weeks, according to HSBC. The service is designed to make it easy for corporate treasurers and senior managers to check account balances and statements, authorise payment instructions and receive payment alerts using smartphones.

Since its launch in November 2011, over US$500m in payments have been authorised in Asia-Pacific and over US$1.2bn globally, averaging US$67m per week.

“Our team now has immediate access to account balance information, in all currencies, directly from their mobile devices, wherever they are based and in whatever time zone. This is highly beneficial as we can take greater control over our cash flow. In addition, the service is quick, simple and, most of all, secure, to access transaction information and approve payments ‘on the move’, so this really changes the way we work,” said Ainna Kathijah Wong, vice president, finance and treasury, Pos Malaysia Berhad.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

3m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi