Saturday, June 20 2015 07:48

Finance professionals in Armenia are embracing mobile business solutions over four times as fast as the global average; 49 per cent of HSBCnet online banking customers in Amenia use HSBCnet mobile compared with 12 per cent globally. HSBC Bank press-office has informed ArmInfo that Armenia has the highest HSBCnet Mobile app penetration (iOS and Android) among all countries.

Since the launch of HSBCnet Mobile app in late 2014, Armenian corporate customers have used HSBCnet mobile to authorise more than $12 million in payments.  The figures show there is a clear and increasing demand for mobile banking from corporate customers.  More than 1,400 mobile payments totalling more than $7.6 million have been authorised in Q1 2015 alone.

Aram Pinajyan, Head of Banking, HSBC Armenia said: "The world is on the brink of a new era in mobile payments which will revolutionise the way businesses operate.  It is clear from these new figures, HSBC Armenia business customers have quickly recognised the advantages and potential benefits offered by mobile business solutions.  Mobile payments mean there is instant reconciliation.  Being paid faster improves a company's liquidity and cash-flow performance by extending their ability to pay their own creditors faster."

HSBCnet Mobile provides access to HSBCnet services at your fingertips on your mobile phone. Conveniently access select services from your smartphone, with additional services added over time. 

To note, there are 3.6bn unique mobile subscriptions globally. In 2014 the payments totalled 29.2 bn AMD up from $18.0bn in 2013. As of Jan 1, 2015 since the launch of the Mobile Bank programme corporate customers globally have made 50-bln-USD-worth payments, the largest amount transacted in a single mobile session made 1.17 bln USD. HSBCnet Mobile is available in 54 countries in 21 languages; the number of HSBCnet Mobile customers globally makes 26 thsd. 

HSBC Bank Armenia cjsc was established as a closed joint stock company under the name Midland Armenia Bank J.S.C. in 1996 and was renamed HSBC Bank Armenia cjsc in 1999. The bank is a joint venture between the HSBC Group, which has 70 per cent ownership, and members of overseas Armenian businesses with 30 per cent ownership. HSBC Armenia serves around 36,000 customers through 10 offices located in Yerevan and around 383 employees. The bank has assets of AMD 306,609,112,000 as of 31 December 2014 and is one of the leading banks in the foreign exchange market in Armenia.