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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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December 11, 2025
On the web
Ant International and HSBC Test New Cross-Border Payments Solution Using Tokenised Deposits on Swift’s Network and Powered by ISO 20022
Yahoo Finance-Business Wire
"Ant International, HSBC and Swift have completed a successful Proof of Concept (POC) for the cross-border transfer of tokenised deposits using ISO 20022 standards. The initiative leverages Swift’s global messaging network and HSBC’s recently launched Tokenised Deposit Service, combined with Ant International’s blockchain technology."
October 17, 2025
On the web
HSBC, Juspay Unveil Acquiring Platform for Merchants
Asian Banking & Finance
"HSBC and payments infrastructure company Juspay are launching an acquiring platform for merchants, consolidating the payment value chain into a single unified stack. The platform enables HSBC to offer an “agile, end-to-end acquiring experience”, according to a press release on 16 October 2025. Merchants will have access to multiple payment methods through a single provider."
September 23, 2025
On the web
HSBC Launches New Cross-Border Tokenised Deposit Service
Financial IT
"HSBC has expanded its Tokenised Deposit Service (TDS), an innovative blockchain-based solution that allows corporate clients to securely move currencies in real-time with instant 24/7 settlement, to support cross-border transactions. In September, the service completed its first USD cross-border transaction between Hong Kong and Singapore, to optimise treasury management for Ant International, the solution’s pioneer customer."
March 7, 2025
On the web
HSBC Hooks up With Trevipay to Expand B2B Payments
Digital Commerce 360
"HSBC has announced a partnership with global B2B payments and invoicing network TreviPay to enhance digital purchasing options for businesses. The collaboration aims to provide flexible payment solutions and financing at the point of sale. The initiative is intended to support businesses navigating the evolving ecommerce market by integrating trade credit options into online sales portals."
January 23, 2025
On the web
HSBC to Close International Payments App Zing a Year After Launch
Financial News
"Zing, the international payments app launched by HSBC just last year, is set to close down in the bank’s latest fintech flop, Financial News can reveal. The bank developed Zing to compete with fintechs Wise and Revolut."
HSBC Touts 50% Increase in Suspicious Transactions Intercepted in Past Year
South China Morning Post
"HSBC said it is stepping up its efforts to stop scammers and increasing its spending on anti-fraud technology, as the lender unveiled a new alert system that aims to protect online banking users."
October 25, 2024
On the wires
HSBC Joins China’s Payment System in Boost to Yuan Usage
Reuters
"Hong Kong unit has joined China's worldwide interbank renminbi payment system (CIPS) as a direct offshore participant, according to a company statement. Beijing is pushing to internationalize the yuan, which ranks fourth in global payments according to the global bank messaging network SWIFT, and challenge the U.S. dollar, by far the world's most widely used currency."
August 14, 2024
On the wires
HSBC Announces New Benefits for Premier and Elite Credit Cards to Increase Travel and Lifestyle Rewards
Business Wire
"Premier and Elite cardmembers will have more ways to earn points, increased travel and dining rewards, along with new perks for streaming, ride sharing and more. The new card design includes 100% recycled plastic for the Premier card and added notch to help visually impaired cardholders orient for chip readers."
July 9, 2024
On the wires
HSBC Partnered with Visa to Develop Zing International Money App
Business Wire
"Visa and HSBC announced the technological collaboration in support of HSBC Group’s new international payments app, Zing. Zing enables users to hold funds in over 10 different currencies, send over 30 currencies, transact in over 200 countries and territories worldwide, all managed through a single app and smart multi-currency card."
June 10, 2024
On the web
HSBC China Rolls Out E-CNY Services for Corporate Clients
The Block
"HSBC Bank’s China entity has started to offer e-CNY services for corporate clients, making it the first foreign bank in the country to provide services linked to the central bank digital currency for both retail and corporate customers, the bank said."
Quantexa Debuts Q Assist, New Context Aware Generative AI Technology Suite
Quantexa
"HSBC is currently participating in the program for early adopters. Each organization in the program envisions using Q Assist in several ways, including: Streamlining analysis, investigation, and reporting tasks to achieve greater efficiency; reducing the reliance on data science and operations teams for ad-hoc data requests; empowering customer facing teams with access to enriched data."
April 2, 2024
On the web
Adyen Partners With PayMe by HSBC to Broaden Global Businesses’ Customer Reach in Hong Kong
Adyen
"Adyen announced its partnership with PayMe by HSBC in Hong Kong to become an acquirer for the mobile payment service."
HSBC Launches Tokenized Gold Product Targeting Hong Kong Market
Bitcoin News
"HSBC launched the first bank-backed tokenized gold product for its customers in Hong Kong allowing retail investors to purchase tokenized gold from their smartphones using the bank’s online app, democratizing access to these gold contracts for retail customers and leveraging distributed ledger technology."
January 2, 2024
On the web
HSBC Takes On Revolut, Wise With New Forex App for Non-Customers
bloomberg
"HSBC is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise. Zing will initially be offered in the UK, but Europe’s largest bank is planning to roll out the service in other places in the coming months."
July 27, 2023
On the web
HSBC Breached this Banking Rule 12,200 Times. Regulators Sigh Wearily
The Stack
"HSBC failed to give business current account owners their transaction data 12,200 times between February 2018 and November 2022 – in flagrant violation of UK retail banking market rules – but avoided being fined."
June 1, 2023
On the web
HSBC Explores Practical Applications of Quantum Computing in Financial Services
FStech
"HSBC has partnered with Quantinuum to investigate the real-world use cases of quantum computing in financial services. The project will look at several areas in which the technology could be applied, including cybersecurity, fraud detection and natural language processing."
March 13, 2023
On the web
HSBC Acquires Silicon Valley Bank UK Limited
HSBC
HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around £5.5bn and deposits of around £6.7bn. For the financial year ending 31 December 2022, SVB UK recorded a profit before tax of £88m.
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