HSBC launches innovative, digital trade finance solution in Australia

By using HSBC TradePay, businesses can have complete control over the timing of their trade payables. With loan processing speed of under a minute, HSBC TradePay makes Just-In-Time financing a reality. The solution streamlines loan drawdown with a simple payment file upload and suppliers being paid directly.

Nadia Ladak, Country Head, Global Trade & Receivables Finance at HSBC Australia said: “HSBC TradePay is game changing for companies as it alleviates pain points by helping Australian companies trade with confidence, without sacrificing their supplier relationships or working capital.

“As a market first in Australia, the fully digital solution removes the need for manual inputs and supporting documentation, enabling companies to seamlessly drawdown trade loans to pay suppliers. In an environment of rising costs and business pressures, an innovation such as TradePay is overdue.”

TradePay is an extension on HSBCs existing suite of Trade Loan solutions specifically developed to address client needs for easy access to finance, as needed, via a digitised process.

“HSBC was founded on trade and facilitating connections across markets. As Australia’s leading trade bank, we understand the importance of simplifying trade across borders to support Australian businesses to grow,“ Ms Ladak added.