Standard Chartered PLC has expanded Straight2Bank Pay, its digital collections gateway for corporate clients, to additional markets in Asia, including China, Hong Kong, India, Malaysia, Singapore and Vietnam, according to a company release.
The company said that additional international markets, including Bangladesh and Kenya, will follow soon.
Straight2Bank Pay, which includes an online collections portal and a mobile app, allows companies to collect payments using various digital methods, including instant pay systems, QR codes, mobile wallets, bank transfers and payment cards.
Companies can also use the mobile app to collect in-store payments via QR code, and to track deliveries in real time.
“The global e-commerce market is expected to account for around one-fifth of the total commerce market by 2021, with more half of this market value driven by mobile payments,” Judy Bei, global head of payments and receivables, cash, transaction banking at Standard Chartered, said in the announcement.
“As corporate clients look to cash in on this opportunity, we want to be their trusted partner in the growth journey, with this expansion of Straight2Bank Pay further supporting their need for a seamless digital collections experience.”