HSBC launches real-time payments tool  

November 23, 2020 | Payments

Written by FinTech Alliance

HSBC launches real-time payments tool  

HSBC has developed a new tool to enable real-time payments for its international customers.  

In Brief:  

  • Funds can be transferred through a single account in 20 countries.  

  • This will impact 14mn international customers.  

  • Customers will also get “preferential” FX rates when they make a transfer.  

What does this mean?  

HSBC says that is aims to create a “borderless” banking experience for its customers. It has seen a 150% increase in mobile banking since the Covid outbreak so wants to ensure users can exchange money remotely.  

Read more here.  

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