HSBC’s Global Payments and Cash Management has a presence in 20 markets across the Asia Pacific region with a dedicated team of over 830 cash management specialists across the region. HSBC provides both domestic and cross-border payments and cash management services to over 450,000 customers, including Fortune 500 multinational companies, top-tier local corporates, middle market companies, SMEs, financial institutions and government bodies.
While some banks were struggling to stay afloat during the recent crisis, HSBC leveraged its financial strength, agility and regional and global infrastructure to continue development of services that helped our customers continue to grow domestically and internationally. HSBC’s vast global footprint, combined with our comprehensive portfolio of integrated payments, receivables and integrated liquidity solutions provides our customers with full visibility and control over their working capital through all business environments. We also continued expansion of our Asia presence, through acquisition as well as by increasing our branch and alliance infrastructure in key markets across the region and strengthening our relationships with key regulatory bodies. HSBC was the first international bank to conduct renminbi (RMB) denominated payments across all its ASEAN sites under China’s RMB trade settlement pilot scheme earlier this year.
HSBC continues to be the leading cash management bank in Asia-Pacific, working in partnership with our clients to deliver innovative, needs-driven solutions. HSBC has remained committed, amidst the challenging market environment, to working alongside our clients to improve processes and increase working capital efficiencies. As we look forward to the New Year, there is no doubt in our minds and the minds of our customers that HSBC is best placed to lead the way into the next generation of cash management solutions.