To provide host-to-host payment solutions for Hirdaramani Group Bangladesh, one of the biggest Readymade Garment Manufacturers in the country, HSBC and the Hirdaramani Group recently signed an agreement.
According to a press release, Hirdaramani Group will be able to process a range of payments straight from their ERP (Enterprise Resource Planning) system thanks to this digital service, which will also give them more financial flexibility for payments and reconciliation to meet their increasingly complex business needs.
Gerard Haughey, Country Head of Wholesale Banking, HSBC Bangladesh and Aroon Hirdaramani, Director, Hirdaramani Group signed the agreement on behalf of their respective organisations.
Along with them Stuart Rogers, Regional Head of International Markets, Commercial Banking, Asia Pacific, HSBC, Manoj Dugar, Regional Co-Head, Global Payments Solutions, Asia Pacific, HSBC and other senior officials from HSBC Bangladesh attended the agreement signing ceremony.
Speaking at the event, Aroon Hirdaramani, Director of the Hirdaramani Group, said, “We are pleased to carry on our long-standing collaboration with HSBC to provide our clients with practical, efficient solutions. As a company, Hirdaramani has been moving faster to transform into an agile, future-ready business that provides the greatest garment solutions to clients all over the world. In a fast-paced market, innovative digital solutions like HSBC’s Host-to-Host facility have proven helpful in assuring speedier and more efficient transactions through a single platform, freeing us up to concentrate on our business.”
Manoj Dugar, Regional Co-Head, Global Payments Solutions, Asia Pacific, HSBC, made the following statement in this regard, saying, “At HSBC, we are digitising at scale across our international network using technology to create excellent customer experiences, to make HSBC more efficient, and to open up new growth opportunities. With our innovative financial solutions, I am sure that Hirdaramani’s H2H connectivity will ensure seamless end to end flow in their working capital management.”
