2 July 2021

HSBC awarded for Best Payments and Collections Solutions

HSBC Singapore received multiple awards at The Asset Triple A Treasury, Trade, SSC and Risk Management Awards 2021, both in country and at a regional level.1

Singapore - Best Payments and Collections Solution Awards

  • New Economy Solutions industry - pilot payment API implementation developed for Delivery Hero to enable on-demand payments for an innovator in global e-commerce.2
  • Information Technology industry - implementation of a cross-currency sweep solution to enable real-time FX conversion for Micron.3

Additionally, HSBC Singapore also saw recognition in the form of regional awards.

Regional – Best Payments and Collections Solutions Awards

  • Logistics industry - providing JAS Worldwide with a single central platform for all Asia Pacific cash and liquidity management activities alongside interest enhancement for restricted markets such as India and Indonesia.4
  • Logistics – supporting AP Moller-Maersk (Maersk & Sealand Maersk) with the company’s e-commerce platform by enabling its buyers to make payments via multiple collection channels.5

Winnie Yap, Head of Global Liquidity & Cash Management, HSBC Singapore said: “Singapore is increasingly becoming the regional headquarter for firms operating in Southeast Asia. That means that, more than ever, our clients need seamless, integrated solutions to enable them to operate across borders, and often in markets they are new to. These accolades showcase our strong cash and payments solutions, and our extensive coverage throughout ASEAN allowing us to support clients across multiple markets.”

The wins are part of over 30 awards for HSBC’s Asia transaction banking franchise at The Asset’s 2021 Triple A Treasury Awards, including the Best Treasury and Cash Management Bank and Best Renminbi Liquidity Management Bank in Asia for the 3rd and 4th straight year, respectively.

Earlier this year, The Asset Triple A Awards named HSBC Singapore as Best RMB Bank in Singapore6 and Malcom Seet, Client Implementation Manager at HSBC Singapore, was named Implementation Manager of the Year in the Industry Achievement Awards7.

HSBC Singapore

HSBC Group’s history in Singapore dates back to 1877 when its founding member, The Hongkong and Shanghai Banking Corporation Limited, opened its first branch on the island. HSBC in Singapore offers a comprehensive range of banking and financial services including retail banking and wealth management; commercial, investment and private banking; insurance; forfaiting and trustee services; securities and capital markets services. One of the earliest banks to establish in Singapore, HSBC today is a prominent player in Singapore's financial services sector serving the banking needs of multi-national corporations, home-grown businesses, private banking clients, institutional and retail customers. In May 2016, HSBC locally incorporated its retail banking and wealth management business in Singapore and established, HSBC Bank (Singapore) Limited. HSBC Singapore has a retail network of 13 branches (comprising 10 dedicated HSBC Premier Centres, 2 HSBC Jade Centres and a Premier International Centre) and many locations across the island providing self-service terminals.

1 https://www.theasset.com/awards/treasury-21-payment-collection

2 https://www.theasset.com/awards/treasury-21-new-economy

3 https://www.theasset.com/awards/treasury-21-payment-collection

4 https://www.theasset.com/awards/treasury-21-payment-collection

5 https://www.theasset.com/awards/treasury-21-payment-collection

6 https://www.about.hsbc.com.sg/news-and-media/hsbc-best-rmb-bank-singapore

7 https://www.theasset.com/awards/industry-achievement-award-21