In May, HSBC launched a multi-currency digital wallet that allows users to send and receive money in a number of currencies and hold and manage those currencies in the same global wallet account.
The service is initially available for US dollars, euro, sterling, Canadian, Hong Kong, Singapore and Australian dollars, with payments made using domestic real-time payment networks.
A number of banks and fintechs already offer similar services.
Businesses are fed up with high-street banks’ [charges]
David Parker, Polymath Consulting
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