Hongkong and Shanghai Banking Corporation (HSBC) has entered into an agreement with microfinance industry association Sa-Dhan to develop digital ecosystem for India’s unbanked segment.
The bank will provide technical expertise to train and educate microfinance consumers at the grassroots level and introduce digital banking to promote easier and time-efficient financial transaction among the so-called bottom-of-the-pyramid customer.
Important Takeaways from Above News-
- HSBC Headquarters in London, United Kingdom.
- HSBC was established in 1865 to finance trade between Europe and Asia
- Douglas Flint is the Group Chairman of HSBC Holdings plc.
Source- The Economic Times