HSBC has become the latest major bank to incorporate PayPal into its financial services, following similar tie-ups with Bank of America, Citi and JPMorgan Chase in 2017. The move comes as banks are increasingly looking for ways to cut costs by using digital payments such as bitcoin or other cryptocurrencies.
HSBC has become the latest major bank to incorporate PayPal into its financial services, following similar tie-ups with Bank of America, Citi and JPMorgan Chase in 2017. HSBC's corporate customers will benefit from the collaboration, as PayPal becomes part of its global disbursement service, enabling them to send payments to a wider range of suppliers and customers.