Transact

HSBC UniTransact

UniTransact is a unique proposition designed to simplify all your cross border transactions
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A digital proposition that simplifies cross border transactions

Product Highlight

Banking in India is regulated making your cross border transaction journey complex and challenging. At HSBC, we understand transaction banking and it is our constant endeavor to simply this journey for our customers. The UniTransact proposition is based on our award winning HSBCnet platform, and aims to simplify and unify your interactions across various banking functions when you execute any cross border transaction.

Product Offering

  1. Dashboard of transactions

    A simple dashboard that shows you a summary of all your cross border transactions – for goods and services; inwards as well as outwards.

  2. Status of your transactions

    Designed to provide you with a customized view of transactions through multiple filters & search parameters (i.e. currency, payment type, remitter, location etc.) also shows you the exact status of your cross border transaction. This can be viewed over your mobile as well. You can set up and receive alerts and notifications at important stages of the transaction. It delivers end to end visibility of your transaction journey – from uploading the transaction to downloading the final advice.

  3. Digital Communication and Discrepancy resolution

    UniTransact gives you the ability to upload, store and retrieve documents for transactions. A digital view of the discrepancies raised by the bank aids in quick resolution and reduces the number of touchpoints by initiating digital communication through the platform. A seamless upload option on the platform supports large sized files and multiple documents in multiple formats

  4. Entitlements & Seamless booking of FX

    Digital FX booking made possible via automated e-channels. Booking multiple FX trades as well as the use of forward contracts can be facilitated. Get access to detailed MIS of transactions booked. Also, entitlements for various users can be set up basis your requirements

UniTransact Process

HSBC UniTransact process

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