HSBC Executes Innovative Payments And Collections Solution For China

By  |  March 25, 2013
 | 

HSBC has created a solution for RMB (official currency of the People’s Republic of China) cross-border services for a Fortune 500 company in China, according to Finextra. This new solution intends to make trade and investment in China and overseas parent companies a much easier and more efficient process by using a centralized approach to cash management.

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    HSBC’s Head of Global Payments and Cash Management in China, Kee Joo Wong said, “The growing need for innovative cross-border RMB cash management solutions reflects the increasing importance of the Chinese currency in the global payments system.”

    Read the full story here.


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