JAKARTA (The Jakarta Post): London-based Hongkong and Shanghai Banking Corporation (HSBC) launched Tuesday its "Integrated Receivables Solutions" for Indonesia.
The service automates a client's entire cash collection process, including multiple payment channels and full administration of the payment reports, said HSBC Indonesia's head of payments Sunil Veetil.
HSBC's integrated receivables service has been specially tailored to suit Indonesia's growing local market of customers needing more efficient cash-flow management.
It is particularly suited to retail collection, which involves high volumes and small values, with payors spread across the country.
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