HSBC Expands Digital Footprint With Merchant Services Launch In India

Image Source : HSBC Commercial Banking

HSBC has launched its Digital Merchant Services platform in India, enabling merchants to accept multiple payment methods through a single interface. The platform simplifies digital collections, improves cash flow, and supports 14 payment options. The move strengthens HSBC’s presence in Asia’s digital economy and supports India’s growing e-commerce ecosystem.

HSBC has officially launched its Digital Merchant Services (DMS) platform in India, marking a significant step in its strategy to support the country’s rapidly growing digital economy. The platform aims to simplify payment collection for merchants and marketplaces through a unified, secure, and scalable solution.

Key Highlights From The Launch

- The DMS platform enables merchants to accept payments via a wide range of methods, including credit and debit cards, digital wallets, and real-time bank transfers.

- With a single contract and interface, the service eliminates the need for multiple payment providers, streamlining operations and reducing administrative complexity.

- The launch in India follows successful rollouts in Hong Kong and Singapore, expanding HSBC’s DMS coverage to three of Asia’s fastest-growing digital markets.

- The platform supports 14 payment methods and offers consolidated reporting, faster settlement cycles, and seamless onboarding for merchants.

Strategic Significance

India’s booming e-commerce and digital services sectors have created strong demand for integrated payment solutions. HSBC’s DMS platform is designed to meet this demand by offering a frictionless checkout experience and improved cash flow management for businesses of all sizes.

Market Outlook

With digital transactions in India projected to grow exponentially, HSBC’s entry into this space positions it to serve both established enterprises and emerging startups. The bank’s global infrastructure and compliance capabilities offer added assurance to merchants navigating a complex regulatory environment.

Leadership Commentary

Manish Kohli, Head of Global Payments Solutions at HSBC, stated, “We are delighted to bring HSBC Digital Merchant Services to India. This launch reflects our commitment to supporting digital transformation and enabling businesses to thrive in an increasingly connected world.”

Sources: Financial IT, HSBC Developer Portal

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