HSBC launches app to help clients track global trade transactions

HSBC yesterday introduced a new mobile banking application for exporters and importers in Bangladesh to give them an edge in tracking international trade transactions digitally.

The world's leading trade bank unveiled the HSBCnet Trade Transaction Tracker at a ceremony at the Westin hotel in Dhaka. The app can be used on iPhones and all android smartphones. It will provide HSBC customers with a real-time view of their documentary credits, collections and payments across markets and countries worldwide.

“The HSBC Trade Transaction Tracker helps customers manage their trade banking activities more efficiently,” Ajay Sharma, regional head of global trade and receivables finance of HSBC Asia Pacific, said at the launch.

“We are delighted that customers in Bangladesh are the first in the Asia Pacific to get a unique digital application that allows them to view the status of all their trade transactions with HSBC worldwide in one simple window.” Francois de Maricourt, CEO of HSBC Bangladesh, said: “With the growing importance of mobile banking in Bangladesh and the rise in usage of online platforms among our customers, it is the logical next step in improving our digital offering for customers already registered to HSBCnet or Insta@dvice.”

The bank said HSBCnet is a unique, award-winning web-based application for commercial banking customers to access their account and provide instructions for payment and trade processing, delivering day-to-day treasury and finance capabilities to the customer's fingertips.

HSBC's global footprint covers more than 90 percent of global GDP, trade and capital flows.

Md Mahbub Ur Rahman, deputy CEO of HSBC Bangladesh, and Md Shohiduzzaman, head of global trade and receivables finance of HSBC Bangladesh, were also present.