HSBC rolls out UPI solution for corporates in India , HSBC has rolled out ‘Unified Payments Interface‘ (UPI) solution for corporates in India. This UPI offering will provide improved collection solution to corporates, enabling them to drive sales through increased digitization of flows. Corporates adopting HSBC’s UPI offering can expect to reduce the incidence of paper and extent of cash and provide their
customers with an ability to affect payments through a mobile phone anywhere. Collection cycles are expected to be faster.
iii. Besides HSBC, the only other foreign bank that has gone live with an UPI offering is Standard Chartered Bank.
HSBC :
♦ Headquarters: London, United Kingdom
♦ Founded: 1865, Birmingham, United Kingdom
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