HSBC Amanah has on Monday launched HSBC TradePay-i, a shariah compliant digital trade finance solution in Malaysia, aimed at boosting liquidity of businesses in the country.
The bank said in a statement that this innovative tool empowers businesses to instantly access trade facilities and seamlessly settle payments to suppliers, enhancing flexibility and boosting liquidity for companies as they steer through a complex trade environment.
Traditionally, businesses relying on short-term financing to make working capital payments often encounter a complex and time-consuming process, involving document preparation and
the drawdown application.
The new digital trade financing solution simplifies working capital payments by enabling a simple payment file upload and direct supplier payments.
The streamlined approach saves significant time and effort, allowing businesses to focus on growth while avoiding administrative hurdles.
“With global tariff and trade uncertainty impacting costs and supply chain risks, businesses are actively pursuing agile financial capabilities to adapt,
“HSBC’s TradePay-i offers the liquidity necessary to overcome this challenge while optimizing trade flows effectively. This tool aligns with the growing demand in Malaysia for ethical, transparent and interest-free financing solutions, within a supportive policy environment
that encourages the adoption of innovative Islamic finance solutions,” said Raja Amir Shah, Chief Executive Officer, HSBC Amanah.
He noted that it highlights the bank’s commitment to delivering Islamic financing options that meet evolving trade dynamics and address our clients’ growing needs.
Shreyas Krishna, Head of Global Trade Solutions, HSBC Malaysia, said that with digitization reshaping the trade landscape, HSBC TradePay-i stands out as more than just a product, it’s a catalyst for growth, speed and strategic advantage.
According to him, businesses can harness TradePay-i to trade with agility, finance with certainty and scale with confidence, even in volatile conditions,
“Amidst rising supply chain and market complexities, HSBC’s advisory-led approach helps clients navigate challenges and unlock smarter and more efficient trade outcomes,
“TradePay-i is designed to deliver tangible benefits to clients, optimizing working capital efficiency and fostering stronger relationships with their trade partners,” he added.
HSBC TradePay-i can be accessed through HSBCNet, a digital platform for HSBC’s corporate customers, creating an efficient process to request for funds.
Financing drawdowns are streamlined with a simple payment file upload and suppliers being paid directly.
Some of the key benefits of deploying HSBC TradePay-i include: more time for growth (a simple digital process replaces the hassle of financing paperwork, giving corporates more time to focus on business strategy and expansion); enhance client relationships (it helps in solidifying client relationships by ensuring seamless payments to suppliers); keep financing costs under control (instead of guessing how much clients will need to pay suppliers, just-in-time financing lets them fund the exact amount required when payments are due); do business with confidence (secure payments backed by a global bank’s digital expertise, ensuring confidence in every transaction).
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