BD statutory payment ecosystem ever-evolving: HSBC

Bangladeshs progress in modernising its statutory payments ecosystem reflects its commitment to embracing digital growth, said Gerard Haughey, Wholesale Banking Head of HSBC Bangladesh.

"HSBC specialises in providing cross-border banking services, enabling customers to seamlessly conduct transactions and manage their finances across different countries. Its international connectivity works as an enabler to propel business growth ambitions," he said.

HSBC recently organised an event titled "HSBC Innovation Forum-Statutory Payments Landscape in Bangladesh and Way Forward, according to a media release on Thursday, says a press release.
The event was an opportunity to share knowledge and views on the advancement of digital payment systems in the country, it said.

The event highlighted HSBCs continuous contribution to the development of electronic payment solutions that enable customers to execute banking transactions from any location.

"Transformation of payment systems to digital methods is a global trend, and Bangladesh has been making significant strides in this regard. HSBC is happy to be a partner in this journey," said Manoj Dugar, Regional Co-Head, Global Payments Solutions, HSBC.

"HSBCs network and connectivity enable efficient and secure international payments and remittances. Customers can transfer funds across borders, access foreign currency services, and benefit from competitive exchange rates, bolstering international connectivity for individuals and businesses," he added.

Kazi Mostafizur Rahman, Commissioner, Customs Risk Management Unit, iVAS Unit, National Board of Revenue; Md. Sharafat Ullah Khan, Director, Payment Systems Department Bangladesh Bank; Suvendu Chowdhury, Chief Financial Officer (CFO); and Linde Bangladesh, among others, were present at the programme.