HSBC Merchant Box Lands in Hong Kong to Simplify SME International Payments

HSBC has launched a new one-stop digital payment solution for Small and Medium Enterprises (SMEs) in Hong Kong. Called HSBC Merchant Box, the solution simplifies international payments on regional and global e-commerce platforms for SMEs. Real-time exchange rates allow you to “receive like a local”.

HSBC Merchant Box is built on HSBC’s global payments network and strong digital infrastructure to help small businesses capture local and international digital sales. Quarantine-free travel between Hong Kong and mainland China combined with closer economic integration in the Greater Bay Area (GBA) will support growth in commodity trade.

The HSBC Merchant Box is available to select HSBC corporate customers through: business internet bankingwill be extended to all customers in Hong Kong in the coming months.

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

Frank fangHSBC General Manager, Head of Commercial Banking, Hong Kong and Macau said: Export value in 2022 registered nearly 12% year-on-year growth.

“As the GBA’s regional trade hub and gateway to global markets, Hong Kong is well positioned to tap into its enormous market potential. We will continue to invest in our ability to respond.”

Speed ​​up collection process

Through the HSBC Merchant Box, customers can activate the HSBC Global Wallet to collect payments in AUD, CAD, EUR, GBP, SGD and USD in minutes. You can choose to keep your funds in his HSBC Global Wallet or transfer them to your business integration account at any time. As a result, payers can easily send money to HSBC Merchant Box users using their local addressable information.

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

Yvonne Yu, Managing Director, Regional Co-Head of Global Payment Solutions, Asia Pacific, HSBC said: HSBC Merchant Box reduces the complexity of cash flow management for SMEs by providing SMEs with the speed, control and visibility of international receivables and payments.

“We will continue to leverage our strengths in global payments to support our customers in Hong Kong and the wider Greater Bay Area and expand regionally and globally.”

HSBC Merchant Box is a subscription-based service fully integrated with Business Internet Banking. Additionally, there are a variety of transparent fee schemes available to merchants of varying sizes with varying payment needs.

Furthermore, HSBC is dedicated to promoting the development of e-commerce through comprehensive transaction banking solutions and cooperation with other ecosystem players. With HSBC GBA Payment Connect, payment instructions from Guangdong to Hong Kong can be completed in just 2 minutes.

From 2021, HSBC will HKTV Mall Make digital trade finance more accessible to e-commerce merchants through the Commercial Data Interchange (CDI). Last year, we became the first banking partner to offer data-driven lending solutions for Octopus merchants as part of the CDI pilot initiative.

  • Francis Bignell

    Francis is a journalist and leading correspondent in Latin America, with a Bachelor’s degree in Classical Civilizations and a professional interest in North and South America.

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