HSBC launches shariah compliant digital trade finance solution, aimed at boosting liquidity of businesses in Malaysia
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.
Raja Amir Shah, CEO, HSBC Amanah said, “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 optimising 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. It highlights the bank’s commitment to delivering Islamic financing options that meet evolving trade dynamics and address our clients’ growing needs”.
HSBC Amanah launched HSBC TradePay-i, a shariah compliant digital trade finance solution in Malaysia.
Shreyas Krishna, Head of Global Trade Solutions, HSBC Malaysia said, “With digitisation 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. 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, optimising working capital efficiency and fostering stronger relationships with their trade partners”.
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.
Media enquiries:
HSBC Malaysia
Supriya Surendran
supriya.t.surendran@hsbc.com.my
+6012 2728648
Rhia Sarah George
rhia.sarah.george@hsbc.com.my
+6012 6827344
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About HSBC Malaysia
HSBC’s presence in Malaysia dates back to 1884 when the Hongkong and Shanghai Banking Corporation Limited established its first office in the country on the island of Penang, with the permission to issue currency notes. HSBC Bank Malaysia Berhad was locally incorporated in 1984 and is a wholly-owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited, founding member of the HSBC Group. In 2007, HSBC Bank Malaysia Berhad was the first foreign bank to be awarded an Islamic banking subsidiary licence in Malaysia, and HSBC Amanah Malaysia Berhad was subsequently established. HSBC Malaysia offers a comprehensive range of banking and financial services including Islamic financial solutions. HSBC Malaysia has also led innovation in Malaysia by introducing Malaysia’s first ATM and Electronic Touch Banking in the early 1980s. Today, HSBC Malaysia has launched innovative solutions such as HSBCNet for secure banking for businesses, Trade Transaction Tracker and Facial Recognition on supported mobile phones.