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HSBS offers real-time payments to corporate clients

HSBS offers real-time payments to corporate clients

MONDAY, January 29, 2018
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HSBC Thailand has announced the launch of “Corporate PromptPay” – a real-time payment scheme enabling its corporate customers to receive real-time fund transfers and bill payments, helping them improve account receivables management and working capital.

The company’s head of global liquidity and cash management, Ai Chen Lim, said that the system would allow corporate customers to link their corporate tax ID with a current or savings account in Thai baht at HSBC to receive domestic real-time fund transfers in baht.
The bill-payment PromptPay facility offers corporates a more flexible solution to manage their receivables by providing them with the opportunity to create 100 Biller IDs which can be used for different collection purposes, while still being able to use the accounts for normal operational purposes, the bank said.