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Dhaka Tribune

HSBC Innovation Forum showcases statutory payments landscape in Bangladesh

The event was an opportunity to share knowledge and views on the advancement of the digital payments systems in the country

Update : 08 Feb 2024, 04:42 PM

The Hongkong and Shanghai Banking Corporation Limited recently organised an event titled “HSBC Innovation Forum - Statutory Payments Landscape in Bangladesh and Way Forward.”

The event was attended by Kazi Mostafizur Rahman, commissioner, customs risk management unit, iVAS Unit, National Board of Revenue; Md. Sharafat Ullah Khan, director, payment systems department Bangladesh Bank; Suvendu Chowdhury, CFO; Linde Bangladesh; Yousuf Ali, chief financial officer; Meghna Group of Industries (MGI); Gerard Haughey, wholesale banking head of HSBC Bangladesh; Stuart Rogers, regional head of international markets, commercial banking, Asia-Pacific,HSBC; Manoj Dugar, regional co-head, global payments solutions, HSBC; and HSBC customers.

The event was an opportunity to share knowledge and views on the advancement of the digital payments systems in the country.

The event highlighted HSBC’s continuous contribution  in the development of electronic payment solutions that enables customers to execute banking transactions from any location.

Manoj Dugar commented: “Transformation of payment systems to digital methods is a global trend and Bangladesh has been making significant strides in this regard. HSBC is happy to be a partner in this journey. HSBC's  network and connectivity enable efficient and secure international payments and remittances. Customers can transfer funds across borders, access foreign currency services, and benefit from competitive exchange rates, bolstering international connectivity for individuals and businesses.”

Gerard Haughey said: “Bangladesh’s progress in modernizing its statutory payments ecosystem reflects its commitment to embracing digital growth. HSBC specializes in providing cross-border banking services, enabling customers to seamlessly conduct transactions and manage their finances across different countries. Its international connectivity works as  an enabler to propel business  growth ambitions.”

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