PayPal’s strategy of making deals with big banks is bearing fruit, as HSBC becomes the latest to add the payment method to its global disbursement service for corporate customers. The HSBC disbursements business already allows customers to reach beneficiaries globally in 136 currencies through domestic and international payment schemes while also enabling the status of payments to be tracked online.  The addition of PayPal will make life easier for customers dealing with suppliers who prefer doing business through their PayPal accounts.
Tom Halpin, global head of payments in global liquidity and cash management at HSBC, says: “Our collaboration with PayPal will significantly expand the payments network accessible to our clients through HSBC, allowing them to send payments to a much wider range of counterparties in a fast and efficient manner.”


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