HSBC and BoCom roll out remittance partnership

The partner banks launch same-day remittance services in select locations.

HSBC has added another layer to its deepening relationship with Bank of Communications BoCom, announcing the launch of a new remittance service. From September, HSBC and BoCom will jointly launch a product known as Express Remittance, offering corporate clients favourable cut-off times on their same-day US dollar remittances.

The same-day service covers telegraphic remittances in US dollars from HSBC customers in Hong Kong to selected BoCom accounts in China. Initially, corporate accounts in several Guangzhou and...

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