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HSBC Indonesia Launches TradeCash to Facilitate Access to Working Capital
PT Bank HSBC Indonesia has launched HSBC TradeCash, a digital trade finance solution that enables corporate customers to obtain working capital more quickly by digitally uploading sales invoices. Through this service, eligible customers can receive funds within minutes after the required information is submitted and approved via the HSBCnet platform.
Unlike conventional trade financing schemes, HSBC TradeCash does not require the physical trade documents typically needed during the application process. Delia Melissa, Country Head of Global Trade Solutions at HSBC Indonesia, noted that access to working capital has now become a strategic necessity for companies amid rising global volatility, long payment cycles, and increasing operating costs.
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