Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More

HSBC poised to launch business credit card in Hong Kong

HSBC is set to launch a new business card for companies in Hong Kong as part of a global initiative.

<p>The group&#0039;s new Business Card offers companies a key payments and cash management tool to assist in the management of company expenses, along with business offers, rewards and merchant discounts. <br /><br />The move is part of a global initiative as it will form part of a worldwide launch program that will also include the UK, the US, Brazil, Turkey and the UAE.<br /><br />We observe a growing use of credit card payments globally, which signals a change in the way companies will manage their purchases, payments and cash flows in the future, said Margaret Leung, general manager and global co-head for commercial banking.<br /><br />The use of HSBC Business Card is going to ease some of the burdens companies are facing in managing their payments, purchases and cash flows, she added. <br /><br />Key features of the new card include the option of a HKD denominated Visa gold card, revolving credit and monthly repayments of 4% of the outstanding balance with 56 interest-free repayment days.</p>