FriMi, the first fully-fledged digital bank in Sri Lanka powered by Nations Trust Bank PLC, recently marked 5 years of revolutionizing the Fintech industry in Sri Lanka. The mobile wallet and payments platform – wrapped up in one lifestyle app and packed with a multitude of innovative features to make life effortless – is set.
HSBC launches virtual debit cards for UAE businesses
Virtual Debit Cards complement the existing HSBC Commercial Cards suite, which includes Virtual Credit Cards
HSBC has launched virtual debit cards for businesses in the UAE, a move that is a banking first in the Middle East.
The launch reinforces HSBC’s commitment to pioneering digital enhancements to meet the rising demand for more flexible payment solutions.
HSBC’s Virtual Debit Cards, which operate on the Visa platform, generate single-use card numbers, or ‘tokens’, for each transaction, with the payment debited directly from the corporate cardholder’s current account. Using Visa’s Payables Automation platform, a card is distributed electronically, protecting the primary card number and providing enhanced payment security and efficiency.