Omni Collect Solution

Reduce the cost of enterprise financial management and improve operational efficiency.
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We are the first foreign bank in mainland China to offer an omni collect solution service that operates across all major digital channels. It also provides a consolidated reconciliation report with transaction details. This can offer a significant boost to our operational efficiency in information collection, reconciliation, cash management and so on.


  

Mobile collection via HSBC WeChat mini program

Our mobile collections service allows corporate customers to collect payments through using QR codes generated by collections, a mini program built on HSBC China Corporate Banking WeChat Service platform. Users can collect payments with their mobile phones instead of having to use collection devices or develop a collection system.


Service highlights

  • Real-time dynamic QR code for collections (Alipay and WeChat Pay accepted)
  • T+1 settlement on your corporate account at HSBC
  • Applicable to multiple scenarios including face-to-face collections and remote collections
  • Cost savings from no need to install any hardware / APP or to develop any system

How to collect payments?

Step 1: The payee accesses “Collections”, the mini program in HSBC China Corporate Banking WeChat Service.

Step 2: The payee enters the transaction amount and remarks (optional) into the program for a QR code to be generated and presented to the payer. The QR code can also be saved first and shared with the payer later.

Step 3: The payer can pay by scanning the QR code with Alipay or WeChat Pay.

Collection program



WeChat Mini Program


QR Code


Suitable industry

We have provided comprehensive banking solutions, both online and offline, to a number of corporate clients across multiple industries including retail, education, exhibition, healthcare, maternal infant care, tourism, real estate and logistics.



Our solution allows retailers in mainland China to collect payments from customers who are using a variety of popular e-wallets such as Alipay, WeChat Pay, UnionPay QuickPass and Apple Pay.

Xinyu Group is the largest retailer of clocks and watches both in China and globally. Its business portfolio includes wholesale, retail and after-sales services.

With a total sales revenue of nearly 10 billion RMB, the Group owns close to 400 stores in China, which account for over 7 billion RMB in sales. As a time-honoured traditional retail network, we also need to evolve with the changing consumer behaviours by developing innovative approaches to business.

HSBC’s omni collect solution supports us with data, processes, information and various other benefits. It also provides a consolidated reconciliation report with transaction details on T+1 basis. This can offer a significant boost to our operational efficiency in information collection, reconciliation, cash management and so on. It is expected to help us save 10% on the financial cost every year and enhance our cash management efficiency by at least 50%.

Our omni collect solution has two main characteristics. First, it is “omni” in the sense that it covers online, mobile and offline channels, as well as all major payment service providers in China. Also, it is a “one-stop solution” featuring one POS machine, one reconciliation report and a single platform. This new solution is just one of the many important solutions under “Smarter Banking”.

Going forward, we’ll launch more smart and digital products and services. Together, they’ll dramatically boost our clients’ cash management efficiency and their customer experience.

Disclaimer

This document is issued by HSBC Bank (China) Company Limited (“HSBC”). HSBC does not warrant that the contents of this document are accurate, sufficient or relevant for the recipient’s purposes and HSBC gives no undertaking and is under no obligation to provide the recipient with access to any additional information or to update all or any part of the contents of this document or to correct any inaccuracies in it which may become apparent. Receipt of this document in whole or in part shall not constitute an offer, invitation or inducement to contract. The recipient is solely responsible for making its own independent appraisal of the products, services and other content referred to in this document. This document should be read in its entirety and should not be photocopied, reproduced, distributed or disclosed in whole or in part to any other person without the prior written consent of the relevant HSBC group member.
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