All big banks say they are leaders in transaction services, few really are. HSBC is always in contention for this award and takes the honours after a year full of new services and innovation.
HSBC’s global payments solutions business facilitated $1.365 trillion in payments and receivables. Again, it was the largest corporate card issuer in the region – it processed 2.7 million commercial cards – with volumes up 53% on an annualized basis.
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