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HSBC Now Lets Businesses Send Real-Time Payments 

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“As digital banking and eCommerce are embraced around the world, people expect to move money just as fast as they are able to check their account balance or buy a new app for their mobile phone,” said Drew Douglas, head of Global Liquidity and Cash Management for the United States and Canada, HSBC. demand deposit accounts.

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Deep Dive: How The Pandemic Is Giving Treasurers An Instant Payments Jolt

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A thorough knowledge of one’s cash flow is a necessity, and lacking such transparency can hinder a company’s ability to do everything from paying rent and finalizing future quarters’ budgets to compensating employees. The ongoing pandemic is also changing the status quo regarding cash flows and placing greater emphasis on quick transactions.