HSBC launches 'digital merchant services' in India
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New Delhi: Investment banking and financial service company Hong Kong and Shanghai Banking Corporation (HSBC) on Tuesday announced the launch of HSBC Digital Merchant Services in India, a comprehensive digital payment management solution designed to streamline payment processes for e-commerce merchants.
According to the company, the service enables merchants to accept a broad range of payment methods through a single contract and interface, simplifying the complexity of managing multiple payment method providers for the merchants.
It will support card transactions (Mastercard, Visa and RuPay), as well as Unified Payments Interface (UPI) and net banking and others in a phased manner.
"The launch of HSBC Digital Merchant Services represents a pivotal step in our journey towards creating a comprehensive and resilient payments infrastructure. Our focus on digital transformation continues to unlock new business value for clients by providing more secure, efficient, and customer-centric payment solutions," HSBC India Head of Banking, Ajay Sharma, said.
