The world's local bank

Open your business to a paperless environment

The traditional process of purchasing goods or services is time-consuming and expensive. Multiple levels of authorisation and paperwork can affect your business cost structure and productivity.

The Purchasing Card from HSBC helps you streamline your entire requisition process and effectively manage the payment of all of your business expenses by controlling and tracking company spending whilst also reducing administrative costs.

Our Purchasing Card can be issued in the names of select members of your staff or in the name of specific departments to enable them to buy directly from your suppliers.

Benefits to your business

Wide Acceptance

Accepted at over 29 million locations worldwide

Extended Interest-Free Period

HSBC Purchasing Card offers better management of your company cashflows. Enhance your working capital requirements and take full benefit of the extended interest-free period of up to 58 days.

Reduced Costs and Increased Control

From submitting the purchase order to paying the invoice, a typical purchase request involves a large investment of time and effort from many people. In order for you to manage your resources efficiently, the HSBC Purchasing Card can help you to eliminate all of the unnecessary procedures involved in a purchase transaction.

Simplified Process

Your employees use the Purchasing Card for expenses

HSBC pays each merchant within 48 hours of the transaction

A monthly bill for all purchases made on the Card is sent to the Company

A single payment for the monthly bill is due to the Bank

Powerful Authorisation Controls

Protection against misuse of fraud

Limit spending as per individual Cardholder's needs

Set up spending limit per transaction basis

Restrict Card acceptance to specific merchant categories to suit your business requirements, e.g. you can block access to cash, purchase of jewellery, gambling and casino websites

Consolidated Billing and Flexible Terms

Consolidated billing means you will make only one payment by direct debit, for all the purchases that are made in a month. You can elect to have your Purchasing Card billing cycle close at the beginning, middle or end of each month. This is just one of the many ways HSBC can help you customise your Purchasing Card billing and settlement to suit your business needs.

Comprehensive Management Reporting

The purchasing card provides you with standard paper reports/statements and the option of selecting an electronic reporting tool.

Standard Paper Reporting

A Summary and Individual statement with detailed transaction information, which provides you with accurate information for expense management and reconciliation purposes

Allows reconciliation of accounts payable and/or general ledger systems

Electronic Reporting

Management Information is the key to analysing and controlling your business expenditure, but it can be labour-intensive and time-consuming

With the HSBC web based on-line expense management system - Smart Data Generation 2 (SDG2) you can also streamline your reconciliation process, enabling you to:

- Review transaction history for each of your Cardholders 24 hours a day anywhere in the world via the Internet

- Update expense description and cost allocate your transactions

24-hour Customer Service

To ensure that, as a valued Corporate Customer, you are always our priority, HSBC Purchasing Cards have a dedicated 24-hour customer contact centre. From simple queries to giving instructions, our dedicated staff are always there to assist you.

Assistance in Planning

Implementing your card correctly is the key to success. Representatives from HSBC will assist you in planning the implementation of everything from Card issuance and Card limits to reporting requirements.