HSBC Malaysia Rolls Out Instant Recurring Payment Collection for Businesses via DuitNowAugust 23, 2021
HSBC Malaysia announced that it has launched the DuitNow Request feature for corporates to streamline the collection of repetitive payments from multiple customers.
This secure, real time payment feature does away with the need for businesses to constantly follow up with customers who fail to make their payments.
The DuitNow Request is an extension of Payments Network Malaysia’s (PayNet) DuitNow ecosystem that allows businesses to make payments using their Business Registration Number (BRN).
HSBC said that this offering will benefit businesses of any scale across different industries to help them transform and digitise their collections by making it more seamless and convenient.
In a statement to Bernama, the bank added that it is the the first bank in Malaysia to offer this service for businesses in a simple three-step process.
Shayan Hazir, Country Head of Global Liquidity and Cash Management at HSBC Malaysia said,
“As a leading international bank that champions digital transformation, we have consistently been supporting our customers by providing them with access to payment and collection services that are innovative, intuitive and powerful to help them navigate through these challenging times.
Through our market-leading and client-centric solutions, we want to digitise our client’s business and help them move towards a cashless and seamless payments and collections model.”