The Hongkong and Shanghai Banking Corporation Limited in Bangladesh has launched an instant (real-time) collection function for its customers.
The instant (real-time) collection has been developed with the support of the National Payments Switch of Bangladesh (NPSB), facilitated by the central bank of the country, according to a media release received on Sunday.
As part of the bank’s focus on continuous innovation, the real-time collection enablement will greatly enhance the customer experience and deliver on the bank’s promise to make banking simpler, safer and smarter, the release added.
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HSBC Bangladesh Country Head of Wholesale Banking Kevin Green said, “Our digital transformation brings along a host of benefits for our customers and their supply chains.”
The ability to receive payments in real-time will reduce administrative time in accounts receivable reconciliation and help the customers to increase productivity and manage their cash flow more efficiently, Kevin Green added.
