HSBC has announced a partnership with global B2B payments and invoicing network TreviPay to enhance digital purchasing options for businesses.
The collaboration aims to provide flexible payment solutions and financing at the point of sale. The initiative is intended to support businesses navigating the evolving ecommerce market by integrating trade credit options into online sales portals.
HSBC customers will gain access to:
- Receivables finance
- Invoice processing
- Risk mitigation tools
This will allow them to manage transactions more efficiently and expand their digital reach, the companies say.
HSBC partnership with TreviPay
The partnership combines HSBC’s trade expertise with TreviPay’s order-to-cash technology to streamline business transactions. And by embedding financing options into ecommerce platforms, the collaboration seeks to:
- Improve cash flow
- Reduce sales outstanding (DSO)
- Optimize resource allocation for corporate customers
Vivek Ramachandran, head of global trade solutions at HSBC, emphasized the importance of modern payment solutions in B2B transactions.
“The way businesses are trading with other businesses is changing, and they need innovative ecommerce solutions to stay competitive,” he said. “By working with TreviPay, we’re giving our customers the tools to offer more payment choices while managing risks and expanding their online reach.”
“Supporting a seamless ecommerce and omnichannel purchasing journey and offering the right payments and invoicing options are gateways to building loyalty with business buyers,” says TreviPay CEO Brandon Spear. “With HSBC on board, TreviPay has additional tools to scale our technology and leverage an API-based model to move into new markets.”
A recent TreviPay report found that 74% of B2B buyers are willing to switch suppliers for a better purchasing experience. That underlines the significance of flexible payment options. The HSBC partnership with TreviPay aims to address this demand by providing businesses with tools to streamline transactions and improve buyer relationships.
HSBC Holdings plc, headquartered in London, operates in 60 countries and territories, with total assets of $3.1 trillion as of Sept. 30, 2024. TreviPay, a global B2B payments network, facilitates over $7 billion in trade annually.
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