HSBC to facilitate digital payment system for Ha-Meem Group

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has recently signed an agreement with Ha-Meem Group, one of the country's top Readymade Garments (RMG) manufacturer, to process their transactions through online platform HSBCnet, says a press release.
The agreement signing took place at Ha-Meem's corporate office in the presence of Stuart Rogers, Regional Head of International Markets, Commercial Banking, Asia-Pacific, HSBC; Ian Tandy, Co-Head of Global Trade and Receivables Finance Asia-Pacific, HSBC; and AK Azad, Managing Director, Ha-Meem Group.
As part of the agreement, HSBC will facilitate a streamlined payment system for Ha-Meem, enabling the efficient handling of payments to multiple vendors through a consolidated file upload.
The entire process can be seamlessly managed online, enabling Ha-Meem to experience substantial time savings in payments processing and transactions without bank visits, leading to greater efficiency andreduced errors.
The process will also help reduce paper usage for payment instructions, benefitting the environment.