Digitalization is gradually increasing in international trade

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Digitalization is gradually increasing in international trade

B Mirror Desk : The digitalization of international trade is on the rise, with technological advancements, such as the bank’s digital trade finance solutions, addressing the diverse requirements of global commerce. This was emphasized by speakers at a recent discussion titled ‘HSBC Trade Transformation and FX Trends Update’ held in Chittagong, organized by the Hong Kong and Shanghai Banking Corporation (HSBC).

The event showcased how HSBC’s innovative offerings, including TradePay and HTS, cater to the evolving demands of contemporary businesses. TradePay is designed as a digital trade finance solution to streamline business operations, allowing customers to secure loans and make instant payments to suppliers.

Additionally, HTS provides a user-friendly and comprehensive digital interface. Bashar M. Tarek, Head of Markets and Securities Services at HSBC Bangladesh, remarked, ‘HSBC is dedicated to supporting customers amid fluctuating market conditions with a range of hedging services.’ Ahmed Rabiul Hasan, Head of Global Trade Solutions at HSBC Bangladesh, noted, ‘HSBC’s cutting-edge solutions are set to empower traders, enhance business speed, boost efficiency, and shape the future of global trade.’

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