HSBC has announced the launch of a cash management solution in the United Arab Emirates, enhancing the bank's commitment to assist corporate clients in exploring the country's rapidly evolving digital economy.

This digital cash management solution allows corporate clients to automate their cash management on a daily basis, including during public holidays.

The solution integrates positive and negative balances across various HSBC bank accounts into a single account, which aids clients in optimizing their cash liquidity, reducing borrowing costs, and enhancing their financial flexibility.

With the 'HSBC Global Liquidity Solutions' self-service platform, clients can now manage and adjust transactions related to intermediary account operations and inter-company transactions 24/7. According to the World Economic Forum, the Middle East is considered one of the fastest-growing markets for instant payments globally, with expectations to reach a market size of $2.6 billion by 2027, with the UAE leading this trend.