Skip to content
Marketech APAC
  • About Us
  • Reports
  • Events
  • Contact Us
SUBSCRIBE
  • MARKETING
  • TECHNOLOGY
  • PLATFORM
  • SME
SME Featured Southeast Asia
No posts found

HSBC launches first multi-currency digital wallet for SMEs in Malaysia

by Teddy Cambosa

-

January 20, 2022

HSBC-Global-Wallet-SME-Malaysia

Kuala Lumpur, Malaysia – HSBC in Malaysia has launched its first multi-currency digital wallet catered to the local small-and medium enterprises (SMEs), which will allow businesses to make and receive international payments simply and securely from one single global account.

The wallet is fully integrated within HSBC’s existing business banking platform, HSBCnet, and by using the bank’s global payments network, allows SMEs to ‘pay and receive like a local’. SMEs can send and receive money in 10 currencies, and hold and manage those currencies by establishing a single banking relationship with HSBC Malaysia.

Shayan Hazir, head of global liquidity and cash management at HSBC Malaysia, said “Global Wallet removes these pain points and challenges for SMEs by enabling them to quickly and securely transact with their suppliers and clients around the world in the destination currency. Global Wallet simplifies payment processes so that SMEs can grow their business internationally, be able to transact with their suppliers and clients around the world seamlessly and have better control over payment flows which is critical for efficient cash flow management.”

The solution currently supports 10 currencies including the US dollar, Japanese yen, renminbi, Singapore dollar and euro. Paying and receiving like a local allows for these transactions to be done within the same or next day.

Meanwhile, Andrew Sill, country head of commercial banking, HSBC Malaysia, commented, “As the trusted international bank of choice for SMEs, the launch of HSBC Global Wallet cements our commitment to scaling up our SME banking capabilities in Malaysia and supporting SMEs as they expand internationally. Drawing on HSBC’s deep digital expertise and wide global network, we are helping SMEs to build resilience and trust within their global supply chains whilst making everyday banking easier.”

Sill added, “As the payments landscape continues to evolve, we are leveraging real innovation that comes from a blend of human collaboration and new technologies to transform. HSBC is transforming alongside our customers as we collaborate and co-create innovative products, services and ideas to build smarter businesses together.”

Related Tags Malaysia FIntech SMEs HSBC Multi-currency
Share this article

Related Articles

View All
HSBC EveryMile campaign
Marketing Featured East Asia
HSBC HK launches city-wide interactive campaign for its EveryMile Credit Card
November 23, 2021
By Jean Cabico
HSBC-Art-of-Progress-Hang-Sen-Index
Marketing Featured East Asia
HSBC HK launches digital art piece that responds to changes in stock market
November 12, 2021
By Teddy Cambosa
Maybank-Business-Banking-App-SME-Needs
SME Featured Southeast Asia
Maybank launches SME-centric business banking app to aid in digital transformation
October 7, 2021
By Teddy Cambosa
HK HSBC PayMe Keung To
Marketing Featured East Asia
Hong Kong superstar Keung To stars in new campaign by HSBC’s PayMe
August 9, 2021
By Jean Cabico
payme x global payments
Platforms Featured East Asia
HSBC’s PayMe to drive digital payment adoption in HK via partnership with Global Payments
March 9, 2021
By Jean Cabico
HSBC Hong Kong VisionGo
SME Featured East Asia
HSBC Hong Kong launches B2B digital community platform
October 1, 2020
By MARKETECH APAC
No posts found

Featured Articles

View All
Year-End 2021
Main Feature Marketing Southeast Asia
Insight of The Year: InMobi’s 2021 report on mobile gaming in Indonesia
January 17, 2022
By MARKETECH APAC
SME Marketing Of The Year: TikTok’s ‘Shop Local Saturday’
Main Feature SME Southeast Asia
SME Marketing Of The Year: TikTok’s ‘Shop Local Saturday’
January 7, 2022
By MARKETECH APAC
MARKETECH APAC prepares marketing industry for 2022 with What’s NEXT series
Main Feature Marketing APAC
MARKETECH APAC prepares marketing industry for 2022 with What’s NEXT series
January 6, 2022
By MARKETECH APAC
Product Launch of The Year: ADA’s eCommerce solution
Main Feature Marketing Southeast Asia
Product Launch of The Year: ADA’s eCommerce solution
January 4, 2022
By MARKETECH APAC
Industry Leader of The Year: kumu’s Crystal Widjaja
Main Feature Platforms Southeast Asia
Industry Leader of The Year: kumu’s Crystal Widjaja
January 4, 2022
By MARKETECH APAC
Marketing Campaign of The Year: Jollibee’s ‘A Message From The Future’
Main Feature Marketing Global
Marketing Campaign of The Year: Jollibee’s ‘A Message From The Future’
January 4, 2022
By MARKETECH APAC
No posts found

Most Recent Articles

bbh singapore noah HK campaign 2025
Noah’s ballsy campaign uses cheeky installation to address men’s sexual health stigma in Hong Kong
June 17, 2025
Aliza Carmona
No posts found
What's NEXT in Marketing: The rise in tailored media amidst declining trust, personalised content shift
June 17, 2025
MARKETECH APAC
Unlocking financial independence: Franchette Chingcuanco-Cardona on making insurance accessible for Filipinos
June 16, 2025
Fatima Baduria
Agency Leadership Decoded: RFI Asia’s David Ko on future-proofing agency value  through mentorship, innovation, and AI readiness
June 16, 2025
Aliza Carmona
Moloco forges strategic partnership with Xiaomi’s International Internet Business Department to boost global ad performance optimisation
June 16, 2025
Fatima Baduria
Apple Japan debuts real-life heart health story in new Apple Watch campaign
June 16, 2025
Aliza Carmona
No posts found

Subscribe Now

Agreement(Required)
This field is for validation purposes and should be left unchanged.
Marketech APAC
We deliver the latest marketing news, trends, and best practices that serve everyone in the industry whether you’re from small or big enterprises.

Office

14i Seville Tower, Circulo Verde Phase 1, #70 Calle Industria, Brgy. Bagumbayan, Quezon City, 1100 Philippines +63 917 319 5762
+63 917 319 5762

Follow Us

Facebook Linkedin Youtube Spotify

Content Pillars

  • Marketing
  • Technology
  • Platforms
  • SME

The Publication

  • About Us
  • Contact Us
  • Terms and Conditions
  • Privacy & Cookie Policy
  • Events
  • Reports

Geographical Scope

  • South East Asia
  • East Asia
  • ANZ
  • SouthAsia
  • APAC
  • Global

Events

What's NEXT in Marketing Series
  • Singapore
  • Philippines
  • Hong Kong
  • Indonesia
  • Malaysia
Retail & E-Commerce Innovation Series
  • Malaysia
  • Philippines
Advertising Technology Asia Series
  • Philippines
  • Singapore
Awards
  • Empowered Women Awards
  • Marketing Technology Awards
  • NEXT Awards
  • Indonesia
  • Philippines
  • Malaysia
  • Singapore & APAC

Join our APAC marketing community

Subscribe to our newsletters to get the latest marketing news in the region.

Agreement(Required)
This field is for validation purposes and should be left unchanged.
© 2025 MARKETECH APAC. All rights reserved.
We use cookies to improve your experience and to analyse our traffic. To find out more, please click here. By continuing to use our website, you accept our Privacy Policy and Terms & Conditions. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
Home
About Us
Write for Us
Contact Us
Subscribe
Facebook Linkedin