Since the launch of HSBCnet Mobile app in late 2014, Armenian corporate customers have used HSBCnet mobile to authorize more than USD 12 million in payments. More than 1,400 mobile payments totaling more than USD 7.6 million have been authorized in Q1 2015 alone.

HSBCnet mobile is a mobile business platform and app designed to make it easier for corporate treasurers and senior managers to check account balances, authorize payments and receive payment alerts.

As HSBC data show, 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 Armenia use HSBCnet mobile compared with 12 per cent globally. Armenia has highest HSBCnet Mobile app penetration (iOS and Android) among all countries.

“Mobile banking is about more than just convenience. Digitizing payments also enhances visibility over the workings of a business. More comprehensive, accurate payments information can be captured and retained. Finance directors can, at a glance, better gauge the financial position of their subsidiaries, trading partners and contractors, enabling them to make more informed buying or credit decisions,” said Head of Banking at HSBC Armenia Aram Pinajyan.