HSBC announced the launch of its new one-stop digital payment solution called HSBC Merchant Box for small-and medium enterprises (SMEs) in Hong Kong.

Through HSBC Merchant Box, customers can activate HSBC Global Wallet to collect payments in AUD, CAD, EUR, GBP, SGD and USD in as soon as a few minutes.

They can choose to hold the funds in HSBC Global Wallet or transfer to their Business Integrated Accounts anytime.

Payers can also send money to HSBC Merchant Box users using local addressable information.

HSBC Merchant Box is a subscription-based service fully integrated with Business Internet Banking, with a range of transparent fee schemes available for merchants of different sizes with varied payment needs.

The offering is now available for selected HSBC commercial customers through Business Internet Banking, and will be extended to all customers in Hong Kong in the coming months.

Frank Fang, General Manager, Head of Commercial Banking, Hong Kong and Macau at HSBC said,

“As a regional trade hub in the GBA and a gateway to global markets, Hong Kong is well placed to capitalise on the huge market potential.

 

At HSBC, we will continue to invest in our capabilities to meet the evolving business needs of e-commerce merchants along their growth journey.”

Yvonne Yiu, Managing Director, Regional Co-Head of Global Payments Solutions, Asia Pacific at HSBC said,

“Simple and cost-efficient payment management solutions are key to the success of small- and medium-sized e-commerce merchants.

 

HSBC Merchant Box reduces the complexity of cash flow management for SMEs by giving them speed, control and visibility on their international receivables and payments.”