Treasury Management Internation Logo

HSBC Extends Pan-European Commercial Cards to Nine Currencies


London, UK – HSBC today expanded its pan-European commercial card proposition to nine currencies to help companies more effectively manage their travel, entertainment and supplier payments across the region.

HSBC Commercial Cards are now available in six more currencies – Czech koruna, Danish krone, Norwegian krone, Polish zloty, Swedish krona and Swiss francs – in addition to the existing currencies of euros, pound sterling and US Dollars.

The expansion provides clients with a simpler, more flexible payment option: companies with operations and subsidiaries in Switzerland, Poland, Czech Republic and the Nordics can now use a local currency card for staff travel and supplier payments, thereby avoiding a foreign exchange mark-up on local currency transactions. It also provides an opportunity for companies to consolidate their European card spending rather than have multiple local card providers.

Brian Tomkins, European Head of Commercial Cards, Global Liquidity and Cash Management, HSBC said: “We aim to support our clients by providing the products that they need in the locations where they need them. We now offer a full range of commercial card products to clients across 26 countries in Europe and 43 countries globally, with the same core capabilities in each market. This will help clients achieve greater visibility and control over spending and to effectively manage working capital.”

Companies doing business across Europe can access HSBC Commercial Card payment solutions in these currencies through a single contract with HSBC. Their employees receive a convenient, secure and widely-accepted way to pay for purchases on the Mastercard®[i] network. The company gains visibility of employee spending and supplier payments. The card spending data delivered back to HSBC clients can help them improve process efficiencies and negotiate better supplier rates with accurate and real-time spend information.

Philip Fellowes, European Head of Global Liquidity and Cash Management, HSBC added: “Commercial cards are increasingly popular among clients wanting an efficient and secure way to manage their day-to-day expenditure. Cards remove the need for petty cash and cheques while providing an alternative way to pay suppliers without impacting precious cash flow. In addition, the automated reporting of card transactions means business travellers don’t have to manually upload expense claims, while purchasing and treasury teams can use the same data to monitor spending, policy compliance and drive more effective sourcing from suppliers.”

HSBC Commercial Cards include business-to-business solutions, such as a Purchasing Card and Virtual Card for payables, and travel solutions for employees such as a Corporate Cards, Lodge Card, Fuel Card and a Virtual Card for travel.

Most recent episodes

Why the ‘One Size Fits All’ Approach is Outdated - A Cash Segmentation Treasury Masterclass

With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers...


Instant Payments: Instant Rewards

TMI’s Eleanor Hill sits down in the virtual TreasuryCast studio with J.P. Morgan’s Global Head of Real-Time Payments, Cyrus Bhathawalla, to discuss how treasurers can capitalise on the evolving nature of real-time payments. Our guest contemplates the...


Building a Data Driven Cash Forecast (with Minimum Effort)

TMI's Eleanor Hill is joined by Conor Deegan, CashAnalytics, and TMI Award winner François Masquelier to discuss how to make use of internal and external cash flow data sources to create reliable and accurate cash...


Tackling the Complexities of IBOR Transition

TMI's Ben Poole speaks to Shaun Kennedy (Associated British Ports), Tassos Dimopoulos (Salmon Software), and Svenja Schumacher (Deloitte), who provide listeners with everything they need to know about the upcoming...


KYC: How to Streamline Customer Reference Data in Treasury Processes

In this podcast, Cornelia Hesse (EACT/ VDT) speaks to Noëlle Belmimoun (ArcelotMittal/ AFTE), Patrick Holemans (SWIFT), Séverine Le Blévennec (Aliaxis), Tarek Tranberg...


Becoming a Real-Time Treasury Champion

HSBC experts Thomas Halpin and Suraj Kalati take a seat with TMI Editor Eleanor Hill in the virtual TreasuryCast studio to determine why real-time treasury matters now more than ever. Amongst a wealth of real-time...


TIS EPO: Reimagining the World of Enterprise Payments

TMI's Eleanor Hill was delighted to invite Joerg Wiemer, Co-Founder and Chief Strategy Officer (TIS) to discuss the concept of Enterprise Payment Optimization (EPO), a reimagining of how organizations can achieve...


To Step Out or Not to Step Out? That is the Question

Spotify's Senior Treasurer, Niklas Muhrbeck, alongside two experts from J.P. Morgan Asset Management, Jemma Clee and Amir Mota, provides an overview of step-out strategies for corporate investors, and advice on how...


Advancing Digital Treasury: Next Steps

TMI’s Eleanor Hill welcomes Rowan Austin, Conor Maher and Nick Pedersen (NatWest) into the TreasuryCast studio to determine how treasurers can move beyond a basic digital treasury landscape towards a more efficient...


Real-Time Cash and Liquidity: Mission Possible

Eleanor Hill (TMI) is joined by Jeroen Brieffies (FrieslandCampina) and Dory Malouf (Kyriba) to consider the relevance and value of real-time cash and liquidity data for treasurers. Our guests tackle the...