18 May 2021

HSBC launches multi-currency wallet

Written By FinTech Alliance

HSBC launches multi-currency wallet

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. 

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