HSBC has launched a multi-currency wallet to make international payments easier for businesses.
In Brief:
Businesses can have a single account for holding, sending and receiving multiple currencies.
The HSBC Global Wallet is integrated within HSBC’s existing business banking platform.
Businesses no longer need to use third-party providers for international transactions.
What does this mean?
The aim on the wallet is to enable users to “pay like a local”, with money transferred between accounts in minutes, using the bank’s global payments network.
