DBS has introduced a series of innovations to the Hong Kong market, targeting enhanced efficiency and improved client experience.
A major milestone over the review period was the launch of One-Click Payroll, a fully digital payroll management platform that streamlines salary payments, mandatory provident fund contributions and online tax filing through seamless host-to-host connectivity. The solution leverages Hong Kong’s Faster Payment System for same-day salary disbursement and provides real-time visibility over payroll transactions, drastically reducing administrative work and human error.
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