Recently, with an agenda to facilitate trade finance services to e-commerce merchants’, HSBC has joined forces with HKTVmall, a Hong Kong-based online shopping and entertainment platform.
The initiated collaboration by HSBC will allow HKTVmall’s merchants who are engaged in the operations of selling electronic appliances, fashion & consumer goods to get instant finance without any requirements of submitting collateral or financial documents to the lenders.
For this purpose, HSBC will conduct a thorough check of the vendor’s data from HKTVmall so that it could examine and predict their credit performance. It includes turnover and refund records of several types of goods etc.
Read more:- https://www.emeriobanque.com/news/hsbc-collaborates-with-hktvmall-to-get-digital-trade-finance-to-merchants
